Level USD

$402,549 market cap

Issued by Level · reviewed 11 October 2026

Market cap: $402,549 -0.07% 7d
30-day trend
Volume / market cap: 0.0%
Peg drift, 30 days: 0.27%

Market data as of 11 October 2026, the same daily snapshot the tracker publishes. Peg drift is the largest single-day distance from par over the last 30 days, for USD-pegged tokens only.

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.

01

Instrument facts

Symbol	lvlUSD
Peg	USD
Backing	Crypto backed
Status	Active
Launched	2025
Networks	L1 EVM Ethereum
Use cases	DeFi collateral

02

Contract addresses

1 chain

Chain	Address
Ethereum	`0x7c1156e515aa1a2e851674120074968c905aaf37`

Addresses as recorded for this token. Verify against the issuer's own published address before sending funds.

Official site · Whitepaper

03

Background

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.

04

Frequently asked questions

What is Level USD?

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.

How is lvlUSD backed?

USDC deployed into lending protocols; USDT deployed into lending protocols; Receipt tokens from Aave and Morpho-related lending positions

Which networks carry lvlUSD?

lvlUSD is recorded on 1 network, Ethereum.

What is the market capitalization of lvlUSD?

lvlUSD has a market capitalization of $402,549 as of 11 October 2026.

05

Other US dollar stablecoins

Compiled from issuer disclosures, on-chain data and market data. Level · Methodology