ChainCatcher news, according to CoinDesk, the company behind the stablecoin protocol Level, Peregrine Exploration, announced the completion of a new funding round of $2.6 million, led by Dragonfly Capital, with participation from Polychain, Flowdesk, Echo, Native Crypto, and Feisty Collective by Path, as well as angel investors Sam Kazemian from Frax and Albert Chon from Injective. This latest funding round follows their previous raise of $3.4 million in August, bringing their total funding to $6 million to date.

ChainCatcher news, according to The Block, blockchain development and research company Peregrine Exploration has completed a $3.6 million financing round, 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.