Stable: Pre-Deposit Event Phase 2 has Started

BlockBeats News, November 6th, Stablecoin Public Chain Stable announced that the second phase of the deposit event has started.

Previously reported, Stable stated that the second phase of the deposit event would accept up to 500 million US dollars in eligible deposits. Participants are required to use USDC for deposits and complete KYC. Each verified user is limited to one wallet.

All USDC deposits will be converted to brand new USDT on the Stable network, enhancing on-chain liquidity, bridging institutional funds with the on-chain market, and strengthening the overall ecosystem's stablecoin liquidity.