1. Drift Protocol Ditches Circle's USDC for Tether in $148M Recovery Plan After DeFi Exploit
In a stark rebuke of its former stablecoin partner, the decentralized exchange Drift Protocol has secured a $148 million recovery plan from Tether, explicitly abandoning Circle's USDC in the wake of a major exploit. This move signals a critical fracture in the DeFi ecosystem's trust, directly tied to Circle's perceived...