TechFlow news, November 19: According to Coingecko market data, Yala's stablecoin YU has dropped to $0.116, having plummeted as low as $0.097 yesterday—nearly reaching zero—with an 88.4% decline over the past seven days.
According to previous statements by the Yala team, they are currently assessing the funding required to stabilize the market and advancing financing discussions with law enforcement agencies and financial partners, with a resolution—including recovery plans and future operational measures—expected to be clarified by December 15.
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