#Cross

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• Crypto & Markets

  Drift Taps Tether for $148 Million Recovery Plan, Ditches Circle's USDC Following DeFi Exploit

  Summary: Circle has faced pushback online for standing pat as actors used its cross-chain protocol to move stolen funds. Background Context From a policy standpoint, jurisdictions differ on disclosure expectations, safety reviews, and cross-border data flows.

  Zoe Mitchell · 4/16/2026