Golden Finance reports that the stablecoin protocol Yala stated on the X platform that all native BTC under the Institution Mode will be removed from the Yala protocol, but YBTC will not be completely destroyed, as part of the YU is still locked in the Euler pool and cannot be withdrawn. YU associated with this institutional mode Address will not enter circulation. This process is entirely independent of retail investor activities and is designed specifically for institutional counterparties that trade under specific terms and have larger Holdings. This exit will not affect retail investors' YU balances or redemption rights; the YU held by retail investors remains fully valid, and the redemption schedule will proceed as planned. The complete redemption plan and schedule will be announced on 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
BTC Breaks Through 70,000 USDT
Gate News bot message, Gate market display, BTC breaks through 70,000 USDT, current price 70,020 USDT.
CryptoRadar25m ago
Bitcoin ‘Dead’ at 47% Down? History Suggests Otherwise
_Bitcoin’s 47% decline shows stress, but historical drawdowns, stable LTH supply, and MVRV at 1.2 suggest no macro bottom yet._
Bitcoin has fallen roughly 47% from its cycle high on a daily closing basis, reviving familiar claims across social media that the asset is finished. However, a
LiveBTCNews25m ago
Citrea Launches Foundation to Advance Bitcoin’s Programmable Future
Citrea has launched the Citrea Foundation to enhance Bitcoin's programmable ecosystem, focusing on open-source development, community involvement, and capital market functionality. The foundation aims to promote decentralization, fund research, and support developers while advancing Bitcoin's role in financial markets.
ICOHOIDER40m ago
Bitcoin Eyes Iran Reactions as Oil Triggers 5% US Inflation Forecast
Bitcoin held a steady line through a weekend marked by geopolitical flare-ups in the Middle East, easing some of the stress that had rippled through risk assets. The benchmark cryptocurrency kept its bearings around the mid-to-high $60,000s as traders weighed potential supply disruptions, oil
CryptoBreaking1h ago
