Cryptocurrency, Memecoins

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

admin April 16, 2026 Leave a Comment

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

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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