According to ChainCatcher reports, Bitcoin liquidity and native stablecoin DeFi project Yala announced on social platforms that it has reached a strategic cooperation with Stacks, a leading Bitcoin second-layer solution. This collaboration is expected to significantly improve Bitcoinâs scalability and DeFi capabilities, further enhancing the liquidity of the Bitcoin ecosystem.
Yala solves the interoperability problem in the Bitcoin DeFi ecosystem by building programmable modules on Bitcoin Inscriptions, providing the Stacks ecosystem with functions such as lending, staking, and insurance, while launching the native stablecoin YU backed by Bitcoin.
The core of this collaboration is to integrate YU with multiple DeFi protocols of Stacks, including partners such as Bitflow, Alex, Velar and Zest. As a Bitcoin-native stablecoin, YU aims to bring stability and liquidity to the Stacks DeFi ecosystem.
