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Drift protocol abandons Circle for Tether following major hack

The Drift trading protocol decided to switch from Circle to Tether to manage its USDT stablecoin following a major hack.

Published 22sem1 sourceNotable
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The fact

This migration occurs amid consolidation of risks around leading decentralized infrastructure providers.

The partner change highlights growing tensions in the DeFi ecosystem regarding the reliability and security of critical protocols.

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Auto-synthesis from 1 media source · identified on April 19, 2026
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