Is Yala stablecoin YU suspected of having issues? A mysterious Address borrowed from the Euler liquidity pool and has not repaid.

The DeFi community has recently set its sights on Yala's stablecoin YU, and the situation doesn't look too good.

Someone noticed a wallet address that is very close to Yala, which is borrowing money crazily in Euler's Yala Frontier market—borrowing all the USDC and also borrowing more than half of YU. What’s even stranger is that the interest rates have been skyrocketing, and this address just won't pay back the money. Now the market's capital utilization rate has directly hit 100%, which means those who lend money want to withdraw? No chance.

The Euler team clearly sensed something was off and directly set the lending limit on the Yala market on Frontier to zero. But what about the Yala team? They neither responded to Euler officials nor acknowledged users' questions in Discord.

However, speaking of which, the pegged exchange rate of YU on Solana is still stable for the time being, with nearly one million USDC lying in the liquidity pool, so it should be fine to withdraw at the pegged price for now.

It's still uncertain whether there's really a problem with this matter or if it's just a misunderstanding. However, the warning signals are all there, so think it over yourself.