Yala allows Bitcoin holders to mint an overcollateralized stablecoin ($YU) against BTC and deploy it across DeFi and RWA strategies to earn yield, charging borrowing and liquidation fees.

Yala is a Bitcoin-native DeFi protocol issuing YU, a Bitcoin-collateralized stablecoin that unlocks BTC liquidity across Ethereum, Solana, and Base ecosystems.

Yala was co-founded by Kaitai Chang (ex-Binance Labs), Bin Liu (co-founder of Alchemy Pay), and Vicky Fu (ex-Circle), with $8M in seed funding from Polychain Capital.

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Stablecoin issuers

Yala

# Circulating market cap Methodology

## Overview

Circulating market cap measures the project’s valuation based on the number of tokens that are currently transferable and tradeable. It is calculated by multiplying the token price with the circulating supply.

Project valuation based on token price times circulating supply.

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Circulating market cap

Circulating market cap

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