Peregrine Exploration, the company behind the stablecoin protocol Level, has completed a new round of financing of US$2.6 million, led by Dragonfly Capital

Odaily News Peregrine Exploration, the company behind the stablecoin protocol Level, announced the completion of a new round of financing of $2.6 million, led by Dragonfly Capital, with participation from Polychain, Flowdesk, Echo, Native Crypto and Festy Collective by Path, as well as angel investors Sam Kazemian of Frax and Albert Chon of Injective. The latest round of financing follows its $3.4 million raise in August, bringing its total financing to $6 million to date. (CoinDesk)