Stablecoin Issuer · Review
InactiveLevel Review 2026: Stablecoin Product Being Sunset
Level issues lvlUSD, a stablecoin backed by USDC and USDT deployed in DeFi protocols. The team says it is sunsetting the product, so users should verify its current status before taking action.
By the DappsAtlas editorial team · Updated
DappsAtlas score
—/10
Not rated
Our verdict on Level
Level is relevant mainly to readers who already hold lvlUSD or are researching stablecoins backed by assets deployed in DeFi. Its stated backing uses familiar assets, USDC and USDT, and the project identifies DeFi lending protocols as part of the model. The key caveat is that Level says it is sunsetting the product, while the timeline and current redemption options are unclear. Fees and audits are not published here, and US persons are excluded. Check official updates before taking any action.
Score breakdown
How Level scores
- Security
- n/a
- Ease of use
- n/a
- Fees
- n/a
- Features
- 3.0/10
Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.
What is Level?
Level is a stablecoin protocol that issues lvlUSD, described as backed by USDC and USDT deployed in DeFi protocols. The team has announced that it is sunsetting the product. Level says it is not available to US persons; audit details, fees, and the sunset timeline are not published here.
How Level works
Level describes lvlUSD as a stablecoin backed by USDC and USDT placed in DeFi protocols, including lending protocols. In a typical lending arrangement, deposited assets may be supplied to a protocol to earn yield; the stablecoin’s backing therefore depends on those assets and the protocols holding them.
Level has announced that it is sunsetting the product. Its current operating status and the availability of deposits, redemptions, or withdrawals are not specified, so users should check official updates before acting.
2 features
Key features
01
Yield-bearing stablecoin
Level describes lvlUSD as a stablecoin backed by USDC and USDT deployed in DeFi protocols.
02
DeFi-based backing
The project says the backing assets are held in DeFi lending protocols.
Pros and cons
What we like
- The backing assets are identified as USDC and USDT.
- Level describes where the backing is deployed: DeFi protocols, including lending protocols.
- The project has publicly announced that it is sunsetting the product.
Watch out for
- Level says it is sunsetting the product, so availability and support may be changing.
- No audits are listed.
- Fees and redemption details are not published here.
- The product is not available to US persons.
Level fees
Fees are not published here. Check Level’s official documentation or interface for any applicable charges, and do not assume deposits, redemptions, or other actions remain available while the product is being sunset.
Is Level safe?
Level’s description ties lvlUSD’s backing to USDC, USDT, and the DeFi protocols where those assets are deployed. This creates smart-contract, protocol, and stablecoin risks; the precise custody and redemption arrangements are not stated. No audits are listed, and Level has not published a sunset timeline here. The homepage says the product is not available to US persons; licensing information is not stated.
4 steps
How to get started with Level
- 1
Check Level’s latest official announcement to confirm the product’s current status.
- 2
Review the project’s stated restriction: Level says it is not available to US persons.
- 3
If you already hold lvlUSD, consult official documentation or announcements for current redemption and withdrawal instructions.
- 4
Do not deposit funds unless Level explicitly confirms that the relevant product and transaction are still supported.
Who Level is for
Level is mainly of interest to existing lvlUSD holders and readers studying stablecoins backed by assets deployed in DeFi. It is not a suitable starting point for new users unless the project clearly confirms that the relevant product and transactions remain available.
Level FAQs
Is Level still operating?
Level says it is sunsetting the product after the team joins another DeFi protocol. The announcement does not state a completion date, so check Level’s official channels for current status.
Can US residents use Level?
Level’s homepage says it is not available to US persons. The project’s licensing status is not stated.
What backs lvlUSD?
Level says lvlUSD is backed by USDC and USDT in DeFi protocols. It does not publish audit details or fees here, and the product is being sunset.
Compare
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How we checked
Sources
Last updated . Spotted an error? Tell us and we will correct it.