lvlUSD is Level's USD-pegged stablecoin backed by USDC and USDT positions deployed into lending protocols. Level documentation states that the product entered redeem-only mode in 2025, with minting paused and lvlUSD/slvlUSD being sunset.
| Symbol | lvlUSD |
| Peg | USD |
| Backing | Crypto backed |
| Status | Active |
| Launched | 2025 |
| Networks | L1 EVM Ethereum unverified |
| Specifications | Backing USDC deployed into lending protocols; USDT deployed into lending protocols; Receipt tokens from Aave and Morpho-related lending positions Redemption Level documentation states that minting is paused, lvlUSD is in redeem-only mode, redemptions are public and fixed at 1:1 to underlying collateral, and the frontend would remain available until 2025-12-15 before users would need to interact directly with smart contracts. unverified |
| Use cases | DeFi collateral |
| Chain | Address |
|---|---|
| Ethereum | 0x7c1156e515aa1a2e851674120074968c905aaf37 |
## Overview lvlUSD is Level's USD-pegged stablecoin backed by USDC and USDT positions deployed into lending protocols. Level documentation states that the product entered redeem-only mode in 2025, with minting paused and lvlUSD/slvlUSD being sunset. ## Key Features - Fully backed by USDC and USDT deployed into lending protocols - Yield historically distributed to staked slvlUSD rather than ordinary lvlUSD - Minting paused and protocol placed into sunset in 2025 - Public 1:1 redemption process during wind-down ## Reserve Backing USDC deployed into lending protocols; USDT deployed into lending protocols; Receipt tokens from Aave and Morpho-related lending positions. ## Supported Networks Available on Ethereum.