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 issuer’s cross-chain protocol was used to move stolen funds.
• The Treasury…