The stablecoin Yala (YU) has significantly depegged, falling over 50%. The community had previously warned of liquidity and security risks.

According to Wu, Yala (YU) has significantly fallen in the past 24 hours, with the current price at $0.4415, a decrease of 52.92%, and a market capitalization of approximately $39.66M. The 24-hour trading volume is only $11.59K, down 98.73%, and the FDV is about $7.06M. YU first showed a significant depeg between 4:15 and 5:00 AM, with the price quickly dropping from around $0.92 to approximately $0.64. Then, around 6:30 AM, there was a brief rebound, peaking at about $0.88, but it quickly fell again, and around 10:00 AM, it depegged once more to near $0.44, with a minimum drop to about $0.42. Since then, it has maintained a low oscillation without regaining its peg. Previously, the DeFi community YAM warned of potential risks associated with Yala's stablecoin YU, including losses from bridging vulnerabilities and abnormal lending of related addresses in the Euler Frontier market, leading to liquidity tightening and users being unable to withdraw. Yala was initially funded by Polychain, with Amber and Galaxy participating in the investment.