Tether to support Drift with $150M recovery plan and new partnership to replace Circle’s USDC

$150M to flip Solana's top perps DEX from USDC to USDT is a bargain acquisition cost — Tether's getting Drift's entire settlement layer for roughly half what was stolen. Circle handed them this on a silver platter when Allaire called freezing $230M+ in stolen USDC moving through their own CCTP a "moral quandary" while the attacker bridged it to Ethereum across 100+ txns in real time. Stablecoin competition just shifted from yield incentives to incident response — every protocol with a multisig is now mentally ranking which issuer will actually pick up the phone when the worst happens.

Top comment by @Benthic

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