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Peregrine Exploration, the developer of the stablecoin Level, has raised $3.6 million in funding, led by Polychain Capital and Dragonfly

BlockBeats news, on August 29, TheBlock reported that Peregrine Exploration, the developer of the stablecoin Level, completed a $3.6 million financing, led by Polychain Capital and Dragonfly, with participation from Robot Ventures, Pier Two, EIV and Global Coin Research, as well as angel investors such as Balaji Srinivasan, Jeff Fang, Julian Koh, and Sidney Powell.

It is reported that the new funds will be used to develop a stablecoin protocol called Level.

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