Yala Officially Joins Circle Alliance to Co-Develop a Native Bitcoin On-Chain Financial Ecosystem

According to ChainCatcher, official sources report that the native Bitcoin liquidity protocol Yala has officially joined the Circle Alliance Program.The Circle Alliance is a global partnership initiative launched by Circle, aiming to bring 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 on Bitcoin, allowing users to mint the stablecoin YU by over-collateralizing BTC. This enables users to efficiently earn yields across DeFi and RWA ecosystems without the need for bridging, thereby unlocking Bitcoin’s capital efficiency.

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