Stable Pre-Deposit Program: Key Details for Phase 2 on Hourglass

Stable’s pre-deposit program enters Phase 2 next week, inviting users to deposit USDC for USDT liquidity creation in partnership with a top investment bank experienced in crypto markets. This initiative aims to generate up to $500 million in USDT liquidity on Stable, enhancing trading depth and ecosystem efficiency.

Deposit Mechanics: USDC to USDT with $500M Cap

The program accepts USDC deposits at the Hourglass platform, converting to iUSDT on Stable. It has no cap per user but limits total eligible deposits to $500 million, filled on a first-come, first-served basis. Minimum deposit is $1,000, with the first hour capped at $100,000 per user and subsequent limits at $20 million. Deposits begin on November 6 at 10:00 PM UTC, requiring completion by November 8 at 10:00 AM UTC. Each verified user is limited to one wallet.

• Deposit Asset: USDC.
• Withdrawal Asset: USDT.
• Total Cap: $500 million (first-come, first-served).
• User Limits: Min $1,000; max $100K (first hour), $20M thereafter.

KYC and Terms: Mandatory Verification for Participation

Participants must sign service terms before depositing and complete KYC via Sumsub by the deadline. Mainland China users are eligible, with restricted countries listed in the file. Failure to KYC results in 1:1 USDC refund on Ethereum. Successful KYC users receive iUSDT on Stable via LayerZero bridge. Deposits are locked for 180 days, with no refunds for non-KYC cases until the deadline.

• KYC Deadline: November 8, 10:00 AM UTC.
• Process: Sumsub verification; China mainland supported.
• Refunds: Non-KYC = 1:1 USDC on Ethereum; KYC = iUSDT on Stable.

Withdrawal and Lockup: 180-Day Hold with Early Access Option

Deposits lock for 180 days until year-end, but KYC failures allow immediate withdrawal. Verified users gain early access to Stable’s features, including automated yield farming and governance. The program fosters liquidity for USDT settlements, with $500 million target enabling deep pools for trading and DeFi.

2025 Stable Pre-Deposit Impact: $500M Liquidity Boost

This phase could drive $500 million in USDT liquidity, enhancing Stable’s $150 million TVL. Bull catalysts: High demand; bear risks: Verification delays.

For users, how to join Stable pre-deposit via Hourglass ensures quick participation. Stable deposit guide and USDC to USDT swap offer resources.

In summary, Stable’s Phase 2 pre-deposit, capped at $500 million USDC, unlocks USDT liquidity with 180-day locks and KYC requirements, fueling 2025’s stablecoin surge.