- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
WE-Launch
Yala: We have noted the community's concerns regarding the stablecoin YU and are actively investigating.
BlockBeats News, November 16th, the stablecoin protocol Yala stated that it has taken note of recent community concerns and is actively investigating, with more updates to come soon.
Yesterday, the DeFi community YAM posted that the Yala stablecoin YU has experienced a situation similar to USDX, where a suspicious address borrowed a large amount of USDC at a very high interest rate but has not repaid the debt. An address closely associated with Yala has been borrowing all available USDC and most YU funds from the Yala Frontier market on Euler, despite the high interest rates, without making any repayments. Currently, the market's fund utilization rate has reached 100%, meaning lenders are unable to withdraw any liquidity. The Euler team has also set the lending limit on the Yala market on Frontier to zero. YAM additionally stated that currently, YU on Solana still maintains a pegged exchange rate, with nearly a million USDC available in the liquidity pool for price peg withdrawals. This article serves more as a risk warning, and it is uncertain whether Yala is truly in distress.
You may also like
Election, Oil Price, and Money Printer: Why Bitcoin Only Looks at Trump
Public Sale Cold Reception, Rule Reversal, Market Prediction Front-Running: Infinex Tangled in Multiple Controversies
Stuck in a Local Optimum, Predictive Analytics Should Not Stop Here
Vitalik Reiterates Ethereum's Vision, Infinex's Coin Issuance Mechanism Fails Miserably, What Is the Overseas Crypto Community Talking About Today?
Key Market Information Discrepancy on January 6th - A Must-See! | Alpha Morning Report
Decode Bitget TradFi: How to Bridge the Final Gap Between Crypto and Traditional Assets?
Built on Compliance and Security, AI Empowering Users, KuCoin is Redefining the Crypto Partner
Crypto Fear & Greed Index Stable, “Fear” Emotion Requires Addressing
Key Takeaways Cryptocurrency fear and greed index remains at a low of 26, improving from “extreme fear” but…
Key Macro Events and Crypto Whale Movements This Week
Key Takeaways Upcoming releases of key U.S. economic data on unemployment and non-farm payrolls could significantly impact markets.…
Venezuela’s 60 Billion BTC “Shadow Reserve”, Walmart to Embrace Bitcoin Payments: Global Cryptocurrency Conversations Today
Key Takeaways Recent developments in the cryptocurrency market have highlighted significant macroeconomic discussions and ecosystem-specific advancements. The Curve…
USD1 Finance Playbook: Examining Lista DAO’s Diverse Yield Farming Strategies for Capital Efficiency
Key Takeaways: Lista DAO is becoming crucial in the BNB ecosystem by providing a wide range of financial…
Solana On-Chain Spot Volume Surpasses All CEXes Excluding Binance
Key Takeaways Solana’s on-chain spot trading volume has surged to $1.6 trillion in 2025, surpassing major platforms like…
CVX Surges Over 40% Amidst Manipulation Concerns, Bot Wallets Drive Price Hike
Key Takeaways CVX (Convex Finance) experienced a more than 40% surge in price due to suspected manipulation by…
Japanese and South Korean Stock Markets Surge, South Korea’s KOSPI Index Hits New Record
Key Takeaways Both Japan’s Nikkei 225 Index and South Korea’s KOSPI have seen significant gains, reaching new heights…
The Rise of the HyperEVM Ecosystem: Much More Than Hyperliquid
Key Takeaways Hyperliquid is a decentralized exchange running on its own L1 blockchain, supporting efficient and cost-effective trading.…
Why Has Meme Coin Become the Darling of the Crypto Market?
Venezuela's 60 Billion BTC "Shadow Reserve", Walmart to Support Bitcoin Payments, What Are the Overseas Crypto Communities Talking About Today?
Solana Price Forecast: Wall Street Investor Scaramucci Highlights SOL as Leading Altcoin for 2026 – Could $1,000 be Reality?
Key Takeaways The price of Solana (SOL) has seen a recent rise, signaling a potential strong rebound. Anthony…
App