Yala: We are aware of the community's concerns regarding the stablecoin YU and are conducting an investigation.

According to Odaily Planet Daily, stablecoin protocol Yala stated that its team is aware of recent concerns from the community regarding its stablecoin YU and is currently investigating the matter. Updates will be released gradually.

Previous report: Yala's stablecoin YU has exhibited suspicious activity similar to USDX, with related addresses lending USDC at extremely high interest rates but failing to repay.