Yala's stablecoin $YU has encountered an issue, crashing directly to $0.48.



To be honest, I saw someone ringing the alarm in the English community around the 14th, and at that time I thought it might not happen so quickly—resulting in the depegging happening more aggressively than I imagined.

The current play of stablecoin nesting dolls really needs to be done cautiously; withdraw when necessary and don't hesitate. The market's fluctuations don't give any reaction time, especially with the stablecoin mechanisms of new projects, the risk exposure is much greater than one might imagine.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned