Yala's stablecoin YU is experiencing suspicious activity similar to USDX, with related addresses lending USDC at extremely high interest rates but failing to repay.

According to Mars Finance, on November 15th, DeFi community member YAM posted on X, indicating that warning signs have been observed regarding the Yala stablecoin YU. An address closely associated with Yala is reportedly borrowing the full amount of USDC and most of the YU from the Yala Frontier market on Euler, with no repayment despite persistently high interest rates. The market's liquidity utilization has reached 100%, meaning lenders are unable to withdraw any liquidity. The Euler team has also set the lending limit for the Yala market on Frontier to zero. It is understood that the Yala team has not yet responded to the Euler team or Discord community users. YAM added that YU is currently maintaining its pegged exchange rate on Solana, with nearly one million USDC available for withdrawal at the pegged price in its liquidity pool. This post is primarily a risk warning, and it remains uncertain whether Yala is truly in trouble.