Level is a stablecoin that is based on USD restaking tokens. These tokens are formed when someone stakes a dollar-denominated token (such as USDC or USDT) in restaking protocols similar to EigenLayer to earn restaking income. This income is generated by tokens used to secure other blockchains.
https://www.level.money/referrals/claim?referralCode=h1fpsl

Level's innovative approach of creating a stablecoin based on USD restaking tokens is definitely worth keeping an eye on. By earning restaking income through staking dollar-denominated tokens in protocols like EigenLayer, users can benefit from the security of multiple blockchains. Exciting to see how this project unfolds!