Home Cryptocurrency Yala’s YU stablecoin fails to restore peg after ‘attempted attack’

Yala’s YU stablecoin fails to restore peg after ‘attempted attack’

Yala’s YU stablecoin fails to restore peg after ‘attempted attack’

Yala’s Bitcoin-collateralized YU stablecoin dropped as low as $0.2046 after an attempted protocol attack, failing to restore its $1 peg.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Dogecoin Hits Multi-Month High, Veteran Trader Says It’s A Critical Progress

According to veteran trader Peter Brandt, Dogecoin’s price has pushed back above...

Will the Fed interest rate cut boost Bitcoin price?

Bitcoin rallied and moved above $115k last week as expectations of a...

Welcome to stablecoin season: Why every bank wants in | Opinion

The race ahead will not be decided by balance sheets alone, but...

Ethereum Sees High On-chain Activity Amid Rising Institutional Adoption: CryptoQuant

The Ethereum network has been on a positive roll for some time,...