Drift Protocol switches from USDC to USDT after $280 million hack

Drift Protocol switched to Tether's USDT from Circle's USDC for a $150 million recovery plan following a $280 million hack. Tether will contribute up to $127.5 million, while partners add $20 million. DIFT stock soared 18% to $0.50, reversing recent lows. Retail sentiment on Stocktwits turned bullish on the update.