Drift Relaunches with USDT After $285M Exploit: Is Tether Winning Solana? Solana’s largest perps exchange, $DRIFT Protocol, is officially ditching $USDC as its primary settlement layer for $USDT . Following the devastating $285M exploit on April 1, Tether has stepped up with a $150M recovery fund to restore user balances. The twist: Hackers used Circle's CCTP to bridge $232M of stolen funds, leading to a shift in loyalty toward Tether. Drift is integrating 128k+ users into a new USDT-only ecosystem. Is Circle losing its grip on Solana's DeFi crown? #Solana #USDT #Drift #DeFi
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