Stable Introduces Phase 2 of Pre-Deposit Campaign, Aiming for Broader Retail Access

Stable, a Layer 1 blockchain backed by Bitfinex and Tether, is launching the second phase of its pre-deposit campaign next week. This initiative will allow users to deposit stablecoins, primarily USDT, in exchange for future rewards linked to Stable’s native token and ecosystem incentives. 🤯 Phase 1 saw deposits reach $825 million within minutes, leading to concerns about insider and whale dominance. On-chain data showed the majority of deposits came from a small group of large wallets, raising questions about fairness and potential front-running before the official launch announcement.