Tether uses $127M Drift rescue to challenge Circle’s grip on Solana payments
Tether just challenged Circle’s USDC grip on Solana by rescuing Drift Protocol and forcing a new USDT standard.
Follow crypto deals, acquisitions, funding rounds, strategic tie-ups, and major transactions shaping the business side of digital assets.
Google's financial backing allows BTC miners to transform into reliable AI hosts, attracting commercial bank financing.
Traders mistaking this 43,033 BTC custody transfer for a fresh buy order risk misinterpreting the flow, as the coins were sourced and priced long before the alert.
The deal represents the most significant single investment in prediction markets and positions the sector as crypto's emerging battleground.
According to the report, more than a dozen banks will participate in the trial, including BNP Paribas and BNY Mellon.
The backing from these technology investment giants could accelerate Tether's mainstream adoption efforts.
The deal could position the stablecoin issuer among the world's most valuable private companies, with a total valuation of around $500 billion.