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
Portugal 2-1 Croatia: Ronaldo's 20-Year Knockout-Stage Drought Ends With a Debt Finally Collected
Portugal beat Croatia 2-1 in the 2026 global football championship's knockout rounds as Ronaldo scored his first-ever knockout-stage goal, Gonçalo Ramos struck a stoppage-time winner, and VAR ruled out a late equalizer for offside.
Bitcoin Price Prediction July 2026: Will BTC Recover to $70K or Drop Below $55K?
A South Korean company that learned the strategy of hoarding coins, from a bull market to delisting?
Where is Zhao Changpeng's billion-dollar investment going? YZi Labs' investment landscape fully revealed
Semiconductor stocks plummet, yet Anthropic wants to create a 2nm chip
WEEX API Broker Program: Turn Your Trading Platform Into a Revenue Engine
How to choose between buying discounted ETH, Bitmine, and SharpLink?
Do you want to buy CRCL?
Wosh: Inflation has cooled in recent weeks, AI is reshaping the economy, and forward guidance has lost its necessity
The most secretive AI winner
Looking at Stripe's ambitions and the future of stablecoins from OUSD
From Pump.fun to Collector Crypt: Has Solana's income throne changed hands?
Dan Bin's latest speech: Don't miss out on a great era
Robinhood launches its own blockchain, no longer wanting to be a tenant on others' chains
Why Tokenized Stocks Are Booming in 2026 While Crypto Is Still Struggling
Former ByteDance employee's account: How I started with two Pinduoduo hard drives and made six times the profit with Seagate to achieve financial freedom?
MiCA reshuffle begins, Binance temporarily bids farewell to the EU
How does Gate redo "buying and selling stocks" from the cryptocurrency world to the stock market?
Portugal 2-1 Croatia: Ronaldo's 20-Year Knockout-Stage Drought Ends With a Debt Finally Collected
Portugal beat Croatia 2-1 in the 2026 global football championship's knockout rounds as Ronaldo scored his first-ever knockout-stage goal, Gonçalo Ramos struck a stoppage-time winner, and VAR ruled out a late equalizer for offside.


