Yala is a Bitcoin-native liquidity protocol that issues the over-collateralized $YU stablecoin and supports tokenized Bitcoin (YBTC) via a notary-based bridge. Users deposit BTC to open vaults (“Troves”) and mint $YU; peg maintenance and conversions are handled through a Peg Stability Module that swaps $YU with other stablecoins. Yield and risk management use a Stability Pool and liquidation mechanisms, with integrations across DeFi/RWA.