Level has raised $3.6 million to launch the first stablecoin protocol powered by restaked dollar tokens. The protocol, named lvlUSD, aims to combine stability with yield opportunities through shared security protocols. Level's Deposits Program is now live, allowing users to deposit USDT and secure a spot on the waitlist to mint lvlUSD in the coming weeks. Level has also introduced its AVS Launch Partners, a cohort of ten partners, to explore the use of dollar tokens for crypto-economic security without volatility. The new stablecoin, lvlUSD, is backed by restaked dollar tokens, offering a unique approach to stablecoin stability and yield generation. Additionally, Level has announced its initial ecosystem of operators, networks, and AVS infrastructure providers to promote the use of dollar tokens for restaking.