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...
Tag : USDC
Circle unveils USDC Bridge for native cross-chain stablecoin transfers
Stablecoin issuer Circle has launched USDC Bridge, a new user interface built on top of the Cross-Chain Transfer Protocol (CCTP) that seeks to simplify native...
Circle faces lawsuit as $230M in stolen USDC moved across chains after Drift breach
A new class action lawsuit has put Circle under legal scrutiny over its response to the movement of stolen USDC following the Drift Protocol hack....