Yala stablecoin YU has significantly depegged, with a 24-hour drop of 53.26%

On-chain data shows that the Yala stablecoin YU has significantly de-pegged, currently dropping to $0.44 on the Ethereum mainnet and $0.368 on Solana.

According to previous news from ChainCatcher, the Yala stablecoin YU experienced 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.