Stable: The second phase of the pre-deposit program has begun.

Odaily Planet Daily reports that Stable has announced the launch of the second phase of its pre-deposit program, reportedly accepting up to $500 million in eligible deposits. Participation requires depositing USDC and completing KYC (Know Your Customer) procedures, with each verified user limited to one wallet. All USDC deposits will be converted to the new USDT on the Stable network, improving on-chain liquidity, bridging institutional funds with on-chain markets, and strengthening the overall stablecoin liquidity of the ecosystem.