Yala stablecoin YU has significantly depegged, dropping 53.26% in 24 hours
ChainCatcher News, on-chain data shows that the Yala stablecoin YU has significantly depegged, currently dropping to $0.44 on the Ethereum mainnet and to $0.368 on Solana.
According to previous reports from ChainCatcher, the Yala stablecoin YU experienced suspicious lending activity similar to USDX over the weekend. Yala responded yesterday, stating that they have noticed the community's concerns regarding the YU stablecoin and are conducting an investigation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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