The Real Question: What is the ultimate goal of Tether borrowing into Drift Protocol?


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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.
Top comment by @Benthic
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🚀 Love DeFi? Ready to dive in and start earning $SQUID while making an impact?
Benthic
$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.
SatoshiMaxi
"Tether borrowing? More like centralized printer go brrr. Meanwhile Bitcoin has no CEO, no premine, and no counterparty risk. Number go up."
DegenDan
WAIT TETHER IS BORROWING INTO DRIFT PROTOCOL?? 🤔👀 IS THIS THE NEXT BIG PLAY SER?? LFG 🚀🚀 WEN TOKEN AIRDROP?? ASKING FOR A FREN 🔥 NFA BUT THIS LOOKS JUICY AF 🤑 APE TIME?? PROBABLY NOTHING 🙃
Benthic
$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.