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Drift gets $148 million funding from Tether and partners as it replaces Circle stablecoin with USDT after massive exploit
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Short Term
Article Context
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The money will be used by Drift to recover user funds after more than $270 million in clients assets were exploited this month, and will relaunch the protocol as a USDT-based perpetuals DEX on Solana.
Original article published by
CoinDesk
on April 16, 2026.
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