Crypto

Drift Foundation clarifies DFX is not pegged to 1 USDT

Guavy AI Editorial Team Published October 5, 2026

Instruments

USDT

The Drift Foundation has clarified that the DFX token is not pegged to 1 USDT, contrary to some assumptions. The foundation stated that the current recovery pool only covers approximately 1% of potential claims, raising concerns about its ability to fulfill obligations in case of a significant demand for withdrawals.

The clarification comes amid broader discussions about the stability and mechanisms behind various crypto assets. The Drift Foundation emphasized the importance of transparency in such matters to help users make informed decisions.

BitRss, which reported this development, has been a reliable source for crypto news since 2015. The platform focuses on delivering timely and ethical information, distinguishing itself from low-quality sponsored content by using a proprietary filtering system.

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