Drift Taps Tether for $148 Million Recovery Plan, Ditches Circle's USDC Following DeFi Exploit
In brief Drift Protocol is working with Tether on establishing a recovery pool for victims that lost $295 million to an exploit this month. Drift indicated that its moving away from Circle’s USDC after the stablecoin...
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Piyasa gündeminde öne çıkan haber: In brief Drift Protocol is working with Tether on establishing a recovery pool for victims that lost $295 million to an exploit this month. Drift indicated that its moving away from Circle’s USDC after the stablecoin issuer’s cross-chain protocol was used to move stolen funds.
The Treasury Department has urged Congress to consider legal protections for stablecoin issuers that voluntarily freeze suspicious funds.
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