Bitcoin24h $61,767.09-2.65%

Ethereum24h $1,651.06-1.95%

BNB24h $593.62-2.22%

XRP24h $1.14-3.67%

Solana24h $65.20-3.56%

TRON24h $0.3229-0.95%

Hyperliquid24h $58.76-8.43%

Dogecoin24h $0.0848-2.40%

UNUS SED LEO24h $9.39-0.96%

Zcash24h $446.27-1.59%

Tether vs. Circle: The battle for stablecoin dominance

USDT and USDC are still competing for dominance of the USD stablecoin market, both showing a willingness to get close to Trump.

Tether challenges USDC Solana hegemony with $127.5M Drift bailout

Tether has pledged up to $127.5M to help Drift “support user recovery and relaunch the Drift platform” after a $285M hack.

Drift Protocol was hacked for roughly $280M yesterday after a likely social engineering scheme breached its multisig approvals.

Liquity’s April Fools’ bit that joked it was being bought by the stablecoin giant Circle led to allegations of “market manipulation.”

Newsletter

This week saw a near-miss for DeFi lender HypurrFi and recovered funds for Makina, while Circle and Certik don’t make the best impression.