Tether just bailed out Drift. Chad move. I always preferred USDC because of its supposedly 'safer' status. Yet it was USDC that experienced the largest depeg, while USDT’s depegs were minor (in recent history). Plus, Circle failed to freeze hacked funds, despite being able to do so. Tether moves faster in cases like these. Maybe Tether is actually a safer option for retail users. But thanks to the EU MiCA laws that Circle lobbied for, EU users can’t use USDT. Smart.