Drift gets $148 million rescue fund and Tether will replace Circle’s USDC for settlement after massive exploit
Drift Protocol, a victim of the recent North Korea breach, said on Thursday it plans to relaunch Tether’s USDT as its settlement layer after securing a proposed financing package of up to $147.5 million from stablecoin issuers and partners. The deal, which includes up to $127.5 million from Tether and $20 million from other partners,…