Compass Investments Drift Raises $148M From Tether-Led Group, Ditches USDC

📌 Drift Raises $148M From Tether-Led Group, Ditches USDC for USDT in Post-Hack Relaunch – Two weeks after losing $285 million to North Korean-linked hackers, the Solana perpetuals exchange has a recovery plan, a new stablecoin partner — and Circle is now facing a class action over its inaction

Drift raised $148M from a #USDT-led group and relaunched two weeks after a $285M hack, ditching #USDC in favor of the stablecoin. Circle now faces a class action over alleged inaction as markets watch the perpetuals exchanges recovery. #Drift #Circle. Usdt