
PANews|Nov 07, 2025 03:04
[Hourglass Adjusts Stable Deposit Activity Limits, Clarifies KYC and Settlement Timeline]
According to the Hourglass announcement, due to excessive traffic in the Stable deposit vault, the current deposit activity will be extended by 24 hours, with a maximum deposit limit of $1 million per wallet and a minimum of $1,000. All funds can be withdrawn at a 1:1 ratio at any time before KYC. If eligible deposits exceed $500 million, they will be allocated proportionally, and the remaining funds can be withdrawn. The KYC process will reopen once a new link is generated, and users will have 72 hours to complete verification. Final USDT allocations will be settled no later than December 31.
On-chain data shows that after the second phase of the Stable deposit activity was launched, over $800 million has been raised, currently reaching approximately $827 million.
Timeline