Stable: Second Phase of Pre-Deposit Activity Now Open

BlockBeats news, on November 6, the stablecoin public chain Stable announced that the second phase of the pre-deposit activity is now open. Previously reported, Stable stated that the second phase of the pre-deposit activity would accept up to $500 million in qualified deposits. Participation requires using USDC for deposits and completing KYC, with each verified user limited to one wallet. All USDC deposits will be converted into brand-new USDT on the Stable network, enhancing on-chain liquidity, bridging institutional funds with the on-chain market, and strengthening the overall stablecoin liquidity of the ecosystem.