Yala officially joins Circle Alliance to co-build the Bitcoin native on-chain financial ecosystem

ChainCatcher news, according to official sources, the native Bitcoin liquidity protocol Yala has officially joined the Circle Alliance Program. The Circle Alliance is a global cooperation initiative launched by Circle, aimed at bringing together leading protocols, fintech companies, and institutions to jointly promote the adoption of USDC and the development of the on-chain economy.

Yala has built a native liquidity base layer based on Bitcoin, allowing users to efficiently earn yields in DeFi and RWA multi-ecosystems by minting the stablecoin YU through over-collateralized BTC, without the need for bridging, thus unlocking Bitcoin's capital efficiency.

As a member of the Circle Alliance, Yala stated that it will collaborate with other innovative protocols and institutions to explore more possibilities for USDC in the Bitcoin-dominated ecosystem and accelerate the implementation of on-chain finance.