PANews reported on October 29th that stablecoin protocol Yala issued an announcement on its X platform stating that there has been significant progress in the security attack that occurred on September 14th. The suspect has been arrested by law enforcement in Bangkok, Thailand. The official announcement confirmed that most of the affected funds have been successfully recovered, and all user compensation applications have been processed.
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The number of on-chain addresses on the Gate Layer has exceeded 23 million.
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PANews reported on September 7 that the National Natural Science Foundation of China released the 3rd emergency management project of 2025, "Research on Global Stablecoin Risk Governance and Cross-border Collaborative Regulatory System", which pointed out that stablecoins, as a digital asset designed to anchor legal currency or specific asset values, have become the core bridge connecting traditional finance and the encryption ecosystem with their potential for efficient cross-border liquidity. Their scale and influence pose a profound challenge to the current international monetary system and the global financial regulatory framework.
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