Tether provides ~$150M rescue funding to Drift; USDT replaces USDC for settlement
After the exploit, Tether led a rescue fund (credit line, grant, MM loans) and Drift switched its settlement stablecoin to USDT.
DeFi Intel is an entity-graph aggregator: we curate, tag and link crypto news to a typed knowledge graph of protocols, tokens, people and incidents. We do not republish the full article body. Use the link above to read the original report at CoinDesk.
Want the full article?
Continue reading on CoinDesk →