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

2025.11.16 13:56:18

On November 16th, the stablecoin protocol Yala announced that it has been made aware of recent community concerns and is currently conducting active investigations. Further updates will be provided shortly. Yesterday, within the DeFi community YAM, it was posted that the Yala stablecoin YU has encountered a situation similar to that of USDX. A suspicious address borrowed a large amount of USDC at an extremely high interest rate but has failed to repay the debt. An address closely related to Yala has been borrowing all available USDC and the majority of YU funds from the Yala Frontier market on Euler. Despite the high interest rates, no repayments have been made. Currently, the market's fund utilization rate has reached 100%, indicating that 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 also stated that currently, YU on Solana still maintains a pegged exchange rate, and there is nearly one million USDC available in the liquidity pool for price peg withdrawals. This article mainly serves as a risk warning, and it is uncertain whether Yala is truly in a difficult situation.
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