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Stablecoin Leaders Face a Stress Test After Big Crypto Heist

April 22, 2026

The recent hack on the Solana-based Drift Protocol left a trail of stolen funds and a question mark over stablecoin trust. Within days, Tether’s USDT pushed past its own record cap while Circle’s USDC grew at half that speed. Why? Users pulled more than a billion dollars out of lending pools after t

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