Tether has proposed contributing up to $127.5 million to support Drift Protocol’s recovery after a $286 million exploit on April 1 drained funds from the Solana-based platform. Combined with $20 million from other partners, nearly $150 million will be used to create a loss recovery pool for affected users. Drift plans to relaunch using Tether’s USDT instead of USDC and will issue recovery tokens representing claims on the pool. Enhanced security measures and collaboration with law enforcement are underway to recover stolen assets and prevent future breaches.
Tether's USDT maintains a strong market presence with a market cap of Rp3.288,76 trillion and a 24-hour trading volume of Rp1.471,86 trillion on Pluang as of September 25, 2026, 00:22 WIB. The token's price is Rp17.880, showing a modest 0.45% increase over the past day. Despite the recent exploit on Drift Protocol, USDT remains actively traded, with 73% of order activity as sell and a typical hold time of 88 days on the platform.
Ethereum's price plunged nearly 50% in a day, triggering massive liquidations in MakerDAO's system, which backs the DAI stablecoin with ether collateral. Due to network delays and price oracle updates, liquidators exploited the system, causing $4 mil...
Morgan Stanley is in talks about adopting USDT, the largest stablecoin by Tether, on the Bitcoin network. This move could integrate stablecoins more closely with Bitcoin's infrastructure, potentially influencing crypto settlements and market dynamics...
Tron's weekly transaction count recently approached 100 million, driven by expanding stablecoin transfers, especially Tether's USDT. The network processed 1.1 billion transactions from April to June, a 12% increase from the previous quarter, with sta...
Tron is approaching 100 million weekly transactions, processing between $150 billion and $190 billion in stablecoin transfers, primarily USDT. The network's average transaction fee has dropped to about seven cents, making it a cost-effective choice f...
Solana's blockchain has reached a new all-time high in real-world asset (RWA) value, climbing to $4.6 billion with an 11.47% increase over the past 30 days. The surge is driven by growing adoption, with the number of RWA holders nearly doubling to 68...
