Yala: We have noted the community's concerns regarding the stablecoin YU and are actively investigating.

By: theblockbeats.news|2025/11/16 14:15:47
0
Share
copy

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.

-- Price

--

You may also like

Electric Capital: Tracking 501 types of yield-generating RWA assets, we discovered these patterns

From private credit to GPU leasing, from catastrophe bonds to music royalties, the range of tokenizable assets is much richer than the market perceives. However, the biggest challenge is not technology, but distribution—existing RWAs heavily rely on a few large deployers, and the concentration of ri...

Those who are cut off by AI will not disappear; they will become the creators of the next round of the economy

AI is not eliminating people, but rather the superstition of "stable careers": those who break the shackles of organizations and understand how to rewrite themselves are ushering in the ultimate revenge.

Stablecoins reshaping cross-border payments in Asia? Strategic panorama and investment opportunity analysis

With the popularity of local payment channels, the costs of traditional transfers have been significantly reduced, and the fees are now mainly concentrated in the domestic settlement phase, which is precisely what stablecoins cannot bypass.

Zuckerberg is building an AI agent to help him as CEO

Zuckerberg is reported to be personally developing a "CEO proxy" to accelerate information acquisition and reduce management layers.

Bloomberg: Swiss Private Bank Old Guard Rifts, Is Bitcoin the Spark?

For Marc Syz, this is both a bet on the digital asset track and a complete break from Switzerland's long-established private banking dynasty.

Zuckerberg is building an AI assistant to help him be CEO

Mark Zuckerberg has been reportedly personally developing a "CEO Proxy" to speed up information flow and reduce management layers.

Popular coins

Latest Crypto News

Read more