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
Bitwise: Circle's Valuation Could Reach $75 Billion by 2030, Analysts Support Stock Price
Despite Circle's stock price falling approximately 20% recently, institutions remain optimistic about its prospects, with valuations projected to reach $75 billion by 2030. Analysts believe the expansion of the stablecoin market and Circle's market share will continue to drive growth, and its influence may be constrained by competitors' compliance processes.
BlockBeatNews4h ago
USDC Treasury has newly minted 250 million USDC on the Solana chain
Gate News reported that on March 25, according to Whale Alert monitoring, USDC Treasury newly minted 250 million USDC on the Solana chain.
GateNews6h ago
Institution: Circle Stock Price Plunge May Be Misinterpreted, New Stablecoin Regulations Mainly Target Distribution End
Research firm Bernstein points out that the market misinterpreted the Clarity Act draft, causing Circle's stock price to plummet. The bill restricts stablecoin yield distribution, not issuance, so the impact on Circle's business model is limited. In contrast, a certain CEX needs to restructure its revenue mechanism. In the long term, restricting passive income may benefit Circle in consolidating its market position.
GateNews8h ago
TRX/USDC trading pairs now available on Aerodrome, fueling cross-chain liquidity for TRON's ecosystem
This publication is provided by the client. The text below is a paid press release that is not part of Cointelegraph.com independent editorial content. The text has undergone editorial review to ensure quality and relevance, it may not reflect the views and opinions of Cointelegraph.com. Readers
Cointelegraph8h ago
