Drift Secures $148 Million in Funding from Tether and Partners, Replacing USDC with USDT After Major Exploit
Following a recent exploit, Drift Protocol has announced plans to relaunch using Tether's USDT as its settlement layer, after securing a funding package of up to $147.5 million from Tether and its partners. The package, which includes $127.5 million from Tether and $20 million from other partners, aims to support user recovery and reboot the platform as a USDT-based perpetual futures exchange on …