Level, a stablecoin protocol, has raised an additional $2.6 million in venture capital, led by Dragonfly Capital and Polychain. This brings their total funding to $6 million. The protocol’s lvlUSD token, which has reached an $80 million supply, offers an annualized yield of 8.3% for staked tokens. This yield is generated through decentralized finance (DeFi) lending protocols like Aave. Level’s approach has allowed it to outpace rival stablecoins’ yield offerings over the past month. The protocol plans to integrate with Morpho to further enhance its yield generation capabilities. lvlUSD can be minted by depositing USDC or USDT and is used as collateral on platforms like Morpho, Pendle, Spectra, and LayerZero. With the new funding, Level aims to expand its team and marketing efforts, targeting a market cap of $200-$250 million for lvlUSD.
jakob.btc
@jakob_btc
·
3h Bringing this back because
@chamath
was totally right on stablecoins.
I read that stablecoin supply peaked at $187B when the market topped. Now, it is at $219B and still climbing.
Adoption keeps growing. This is bigger than market cycles.
GC Cooke
@GCcookeHQ
·
Mar 8 Every financial revolution made early adopters FILTHY rich.
Google transformed search. Apple transformed computing.
Now stablecoins are transforming money—with $220B in circulation and $100B moving daily.
Miss this, and you’ll miss the biggest wealth shift since the internet:
cryptohuntz
@cryptohuntz
·
Mar 13 stablecoins market cap continues to move up and to the right
now over $228bn, +12.2% YTD
i think we will be over $500bn by end of 2025
Dune
@Dune
·
33m 2/ At February ’25, stablecoins have reached $214B in supply, facilitating an astounding $35T annual transfer volume—doubling
@Visa
‘s annual throughput. Active addresses jumped 53%, reaching 30M.
Institutional adoption is accelerating rapidly, bridging TradFi and crypto like
SB
@subinium
·
30m New Synthetic-Dollar
@FalconStable
surpassed TVL $75M at Closed Beta and surpassed total issued $USDf $70M in only one month.
The demand for Stablecoin in a bear market is strong. Nevertheless, it’s remarkable that they’ve created a stablecoin of $70M scale even during closed
Miles Deutscher
@milesdeutscher
·
Mar 6 Stablecoins on $S have now surpassed $250 million in under three months.
Sonic is still showing strong signs of growth as more capital comes into the ecosystem.
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
