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Drift Protocol Secures $148-150M Funding from Tether to Recover Assets and Relaunch on Solana
Drift Protocol received nearly $150 million from Tether and partners to recover assets lost in a $280 million exploit. The project plans a relaunch as a USDT-based decentralized exchange on Solana, aiming to strengthen its market position.
· 49d ago
Circle CEO Jeremy Allaire Rules Out Won-Pegged Stablecoin Launch in South Korea
Circle CEO Jeremy Allaire announced no plans to launch a won-pegged stablecoin but is exploring legal opportunities in South Korea. The company aims to tap into the country's growing crypto market, with increased USD Coin activity.
· 50d ago
Circle's Stellar Year: Surging USDC and Stock Rise Highlight Stablecoin Demand
Circle's stock soared over 25% after outperforming earnings estimates, driven by a 72% increase in USDC supply. The company's success underscores growing investor confidence and increasing demand for stablecoins.
· 54d ago