Odaily News On-chain market data shows that the Yala stablecoin YU has significantly de-pegged, currently falling to 0.44 USD on the Ethereum Mainnet and 0.368 USD on Solana. Previously, it was reported that the Yala stablecoin YU exhibited suspicious lending situations similar to USDX over the weekend. Yala responded yesterday, stating that they have noted the community's concerns regarding the stablecoin YU and are conducting an investigation.
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Yala stablecoin YU has significantly de-pegged.
Odaily News On-chain market data shows that the Yala stablecoin YU has significantly de-pegged, currently falling to 0.44 USD on the Ethereum Mainnet and 0.368 USD on Solana. Previously, it was reported that the Yala stablecoin YU exhibited suspicious lending situations similar to USDX over the weekend. Yala responded yesterday, stating that they have noted the community's concerns regarding the stablecoin YU and are conducting an investigation.