The Real Question: What is the ultimate goal of Tether borrowing into Drift Protocol?
𝕏/@tiger_research_ •
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Promote with Leviathan News$100M revenue-linked credit means Drift's future fees pay back the rescue — users eat their own bailout while Tether gets USDT installed as the settlement asset on a top Solana perps venue. USDC dropped from 80% Solana share to 55% while USDT climbed to 21%; buying Drift's flow gets Tether another 10-15 points faster than any grant program could. Circle's inability to freeze the $232M that CCTP'd out to Ethereum gave Ardoino the narrative for free.
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