PANews December 15 News, Yala announced a redemption plan. The core of the redemption system is the YU–USDC redemption pool, which allows users to deposit eligible assets and withdraw USDC on a 1:1 basis, but is subject to the monthly available redemption quota. Users can redeem the following deposited assets for USDC on a 1:1 basis, including Euler Yala Frontier USDC vault tokens and YU tokens on the Ethereum mainnet (all other chain YU tokens must be bridged back to the Ethereum mainnet before redemption, and redemption can only be executed in USDC). Starting from 20:00 Beijing time on December 15, 2025, the YU–USDC redemption pool will open for deposits. From January 2026, between the 15th and 25th of each month, new USDC quotas will be injected into the redemption pool. Users can choose to withdraw USDC in the current month or withdraw it later in a single transaction. By December 31, 2026, Yala will complete all YU–USDC redemptions based on the final results of judicial procedures following the September 14 incident or updated debt assessments. If any changes occur due to these legal procedures or re-evaluations, the team will update the community promptly.
Earlier in November, Yala released an analysis report on the liquidity events of the YU token and planned to determine a clear recovery path and specific solutions by December 15.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Resolv Attacker Spent 200,000 USDC to Mint 80 Million USR, Already Purchased 9,111 ETH
Onchain Lens detected that the Resolv attacker spent 200,000 USDC to mint 80 million USR and has already used it to purchase 9,111 ETH. The attacker is still converting USR to other cryptocurrencies and may continue to accumulate ETH.
GateNews7h ago
ResolvLabs Stablecoin USR Suspected Vulnerability, Sharp Plunge of 74.2% to $0.257
Gate News reports that on March 22, according to on-chain analysts' monitoring, ResolvLabs stablecoin USR allegedly experienced a vulnerability. A certain address minted 50 million USR tokens using 100,000 USDC, causing USR to plummet to $0.257 in the short term, representing a decline of 74.2%. Subsequently, the price recovered somewhat and is currently trading at $0.7847. As of press time, the ResolvLabs team has not yet responded to this incident.
GateNews7h ago
USDC circulation increased by approximately 400 million in one week, with total circulation reaching 7.91 billion
Gate News, March 22: According to data on Circle's official website, during the week ending March 12 local time, USDC issued approximately 5.2 billion, redeemed approximately 4.8 billion, with circulating supply increasing by approximately 400 million. As of March 19 local time, USDC total circulating supply was approximately 79.1 billion, with reserve asset value approximately $79.4 billion.
GateNews8h ago
# Accumulated Long 120,000 ETH Whale Turns from Profit to Loss, Deposits 5 Million USDC Margin Possibly to Avoid Liquidation
According to on-chain analysts' monitoring, a whale address has accumulated holdings of 120,000 ETH and 700 BTC, valued at $298 million. Currently, the ETH position shows an unrealized loss of $309,000, while the BTC position shows an unrealized gain of $403,000. The address just deposited 5 million USDC to Hyperliquid to avoid liquidation.
GateNews8h ago
