Tether announces $150M recovery program for Drift Protocol
The Drift Protocol will use the $150 million to relaunch and restore user funds following a $280 million exploit earlier in April.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The Drift Protocol will use the $150 million to relaunch and restore user funds following a $280 million exploit earlier in April.
Why this matters
Tether is showing up inside the Stablecoins theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.
Original source
Read on CointelegraphRelated market context
Tether Celebrates 12 Years, USD₮ Surpasses 700M Users
Key Takeaways: Tether marked the 12th anniversary of the world’s largest stablecoin by market cap, USD₮. The company claims that U...
Ethereum ETFs Lose $201.9 Million As Bitcoin Funds Return To Inflows
TL;DR: US spot Ethereum ETFs recorded $201.9 million in net outflows on October 6, according to Farside Investors. Bitcoin ETFs mo...
Robinhood adds $25 million of Bitcoin to its own balance sheet
Robinhood is adding $25 million of Bitcoin to its balance sheet after executives previously debated whether corporate crypto holdi...
Tether signs MoU with Kazakhstan’s central bank to explore tenge stablecoins and tokenized assets
Kazakhstan's collaboration with Tether could enhance its fintech landscape, potentially boosting local currency integration in dig...
Cardano’s Programmable Token Standard Goes Live With Built-In KYC and Freeze Controls
The Cardano Foundation announced on Wednesday at TOKEN2049 that CIP-0113, Cardano’s programmable token standard, is live on Cardan...
Spark Savings USDT vault nearly doubles to $600 million in two weeks
The rapid growth of Spark Savings USDT vault highlights increasing demand for decentralized finance solutions, though yield compre...