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
Circle Settles $68M in USDC Transfers Across 8 Entities
Circle used USD Coin to settle $68M across eight entities in under 30 minutes via its Circle Mint treasury platform.
The stablecoin workflow replaced bank wires that usually take one to three days, enabling faster intercompany treasury settlements.
Circle Mint maintained treasury
CryptoFrontNews54m ago
Circle completes $68 million in internal settlement using USDC in less than 30 minutes
Circle CEO Jeremy Allaire stated that the company recently used USDC and Circle Mint to settle $68 million cross-company transactions in less than 30 minutes, replacing the traditional fiat wire transfer process that takes 1-3 days. This method has full auditability and is expected to be adopted by more enterprises in the future.
GateNews2h ago
A whale deposited 2.18 million USDC into HyperLiquid and opened a 10x leveraged short position on ETH.
Gate News Report, March 7 — Onchain Lens monitoring shows that a whale address starting with 0x218A deposited 2.18 million USDC into HyperLiquid and opened a 10x leveraged short position on ETH. This whale has previously accumulated profits of over $11.8 million.
GateNews7h ago
USDC Treasury mints an additional 250 million USDC on the Solana chain
Gate News Report, March 6 — According to Whale Alert monitoring, the USDC Treasury just minted 250 million USDC on the Solana chain, worth approximately $250 million.
GateNews18h ago
MetaDAO community vote approves liquidation proposal for Ranger Finance
MetaDAO community approved the proposal to liquidate Ranger Finance on March 6, including removing RNGR/USDC liquidity, transferring USDC reserves to the MetaDAO team, and returning intellectual property. 5,047,250 USDC will be allocated to RNGR holders, with a snapshot time of March 13 at 8:00.
GateNews03-06 09:29
