These are not true “stablecoins” and would not be compliant under the GENIUS Act. The industry will not move forward by being so laxed with language.
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Kaufen und verkaufen Sie YU einfach und sicher auf BitMart.Verdienen
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Stablecoin depegs in 2025:
▫️ Yala Stablecoin: concerns over liquidity/past exploits (never repegged)
▫️ Stables Lab USDX: concerns about liquidity (never repegged)
▫️ Solstice USX: liquidity crunch on secondary markets (repegged within a few hours)
▫️ Elixir deUSD: chain reaction due to streamDeFi collapse (never repegged)
We've also seen USDe depeg on Binance which caused flash liquidation
It's safe to say stablecoins ≠ stablecoins
Wu said he learned that Yala tweeted that YU will no longer be an active or required component in its current and future product roadmap. However, the redemption mechanism for YU remains effective and unchanged. Holders can still redeem according to the YU–USDC redemption plan once the official redemption pool is opened. https://t.co/F4z5ERY7WC
Reminder: even very illiquid depegged rugged stables can react to good news
If you had limit orders, you could have exited with barely a 4% haircut
May not be optimal, but worth sometimes waiting for.
Can use cowswap for these limits. https://t.co/O6RKJzNwhM
Yala Redemption Plan is now live.
• 1:1 YU ↔ USDC redemption
• Monthly USDC liquidity & pro-rata distribution
• No lockups, claim anytime
All YU (incl. Euler Frontier Vault) will be redeemable via ETH mainnet.
Full details: https://t.co/BsLWqt2ZDj https://t.co/kNBaO2TWMs
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