PANews January 15 News, DeFi protocol YO released a review of the yoUSD incident, stating that the yoUSD treasury has fully resumed operation, and funds are safe; this incident was caused by an unfavorable automatic exchange operation, resulting in a $3.7 million funding gap, which has been fully covered by YO’s treasury; user balances were not affected, and the protocol’s solvency was not impacted.
Earlier on January 13, it was reported that YO Protocol experienced abnormal Swap transactions, with approximately $3.84 million worth of stkGHO only exchanged for $12,200 USDC.
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 Minted $8 Billion USDC Since February 2026
Arkham's analysis reveals a significant increase in USDC minting by Circle, surpassing $8B and raising total supply above $78B. This trend highlights USDC's growing market trust and indicates potential long-term volatility compared to other cryptocurrencies.
BlockChainReporter3h ago
A certain whale has been longing EUR/USDC with 34x leverage over the past 4 days, with a position size of approximately 1.04 million USD.
On March 16, a whale starting with 0x133 opened a long position of approximately $1.04 million on EUR/USDC with 34x leverage, currently showing an unrealized loss of about 10%. The US job market is cooling with rising unemployment rates, and CPI year-over-year is approximately 2.4%. Market attention is focused on the Federal Reserve's interest rate decision on March 19.
GateNews10h ago
Whale "0x218" Deposits $2M USDC to HyperLiquid to Prevent ETH Short Position Liquidation
Gate News bot message, in the past 10 hours, whale "0x218" deposited $2M USDC into HyperLiquid to avoid liquidation on its ETH short position with 10x leverage. The position consists of 15,217 ETH valued at $34M, currently showing a floating loss of $3.288M. Despite the current loss on this position
GateNews11h ago
DeFiance Capital Founder: Going long on cryptocurrencies and shorting stocks trading strategies may be attractive, as USDC supply returns to a historical high
DeFiance Capital founder Arthur believes that the current stock market is priced too optimistically, and market shifts will accelerate adjustments. He thinks that Bitcoin and crypto assets present opportunities to perform amid uncertainty, and recommends a "long crypto, short stocks or high-yield bonds" strategy. Additionally, he mentioned that USDC supply has rebounded to historical highs, which may drive CRCL growth.
GateNews11h ago
Balaji Srinivasan Calls for Development of Refugee Crypto Tools, Stablecoins May Become Financial Solution for Global Displaced Persons
Former CEX Chief Technology Officer Balaji Srinivasan is calling on the crypto industry to develop blockchain-based financial tools for refugees and stateless persons to address service gaps caused by population migration. He points out that traditional financial systems often fail during conflicts, while blockchain possesses interference-resistant capabilities. However, despite the demand, related products targeting this demographic remain limited. Stablecoins are playing an increasingly significant role in fund flows, and the future requires more cryptocurrency financial tools oriented toward vulnerable populations.
GateNews13h ago
