Data: The Yala stablecoin YU has plummeted to the $0.1 range, with a decline of nearly 90% in the past 7 days

Yala stablecoin YU has dropped to $0.116, having plummeted to $0.097 yesterday, nearly reaching zero, with a decline of up to 88.4% over the past seven days.

According to the Yala team, they are currently assessing the scale of funding needed to stabilize the market and are advancing financing with law enforcement and funding partners. A clear plan, including the path for fund recovery and subsequent operational measures, is expected to be outlined by December 15.