Drift gets $148 million funding from Tether and partners as it replaces Circle stablecoin with USDT after massive exploit

Drift gets $148 million funding from Tether and partners as it replaces Circle stablecoin with USDT after massive exploit
Source:Coin Desk
00:00 / 00:00
The money will be used by Drift to recover user funds after more than $270 million in clients assets were exploited this month, and will relaunch the protocol as a USDT-based perpetuals DEX on Solana.

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