YU depegs to 0.439 USDT, down 53.26% in 24 hours

Foresight News reported that, according to CMC data, the Yala stablecoin YU has depegged to 0.439 USDT, with a 24-hour decline of 53.26%. Previously, YU experienced suspicious lending activity similar to USDX. The official team responded yesterday, stating that they have noticed the community's concerns about the YU stablecoin and are currently investigating.