PANews reported on February 11 that Levl, a stablecoin infrastructure startup, announced the completion of a $7 million seed round of financing, led by Galaxy Ventures, with participation from Protagonist, Deus X, Blockchain Builders Fund, and other institutions.

The company focuses on providing stablecoin payment infrastructure for digital wallet and fintech companies, serving over 20 clients with an annualized transaction volume exceeding $1 billion. The founders stated that their platform helps clients achieve instant cross-border payments at a lower cost, without needing to build complex systems themselves. Levl plans to double its team size and focus on expanding into the Latin American and African markets.