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-9.39231708461623E-05 -0.000187846341692458 -0.00122100122100118 0.000187846341692592 0.0088287780595474 0.00929839391377861 0.00929839391377861 0.00929839391377861
Stock impact report

Hacked Crypto Platform to Relaunch After Securing New Funding [Yahoo! Finance]

Circle Internet Group, Inc. Class A (CRCL) 
Company Research Source: Yahoo! Finance
million of users' cryptocurrency, plans to relaunch after securing around $150 million in funding from a consortium led by stablecoin issuer Tether Holdings SA. As part of the agreement, the derivatives exchange will use Tether's USDT token to finalize transactions at the so-called settlement layer, the companies said Thursday. Drift has previously used the USDC token issued by Circle Internet Group Inc. The firms didn't specify when the Solana-based blockchain protocol would relaunch. Circle has come under criticism from some crypto market participants for not freezing the movement of the tokens once the exploit was exposed. Earlier this week, the crypto publication CoinDesk reported that Circle Chief Executive Officer Jeremy Allaire said the firm strictly adheres to a policy of acting only under direct legal orders rather than just interceding. Tether was the first widely adopted stablecoin, initially used by traders to shelter their capital from the often volatile swings in t Show less Read more
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