Tether Invests Big in Drift Protocol as Pepeto Raises Millions

Tether has made a substantial investment of $148 million in Drift Protocol, a decentralized exchange (DEX) based on the Solana blockchain.

This significant injection of capital comes after a recent exploit affected the platform, resulting in over $270 million being drained. The investment is seen as a vote of confidence by Tether and its partners in the DeFi ecosystem on Solana.

Additionally, Pepeto has made waves with its presale funding, raising over $9 million at current prices. With a Binance listing imminent, investors are eagerly awaiting the potential upside that this token could offer.