Polychain-Backed Yala Stablecoin YU Crashes to $0.20 After Protocol Attack

The Yala stablecoin (YU), a Bitcoin-native over-collateralized stablecoin backed by Polychain, lost its dollar peg around 5:14 UTC+8 following a protocol attack that sent YU crashing to $0.2074 before recovering to $0.917, as the team promptly confirmed the incident and temporarily disabled Convert and Bridge functions.

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