Hourglass, a platform facilitating the Stable pre-deposit campaign, has implemented adjustments to manage high demand and ensure efficient operations. Key changes include:
* **$1 Million Wallet Cap:** A $1 million deposit limit per wallet is now enforced during Phase 2 of the program. This ensures fair participation while maintaining secure fund access.
* **KYC Clarification:** KYC processes have been streamlined to improve user onboarding and reduce operational challenges.
* **Revised Settlement Timelines:** Settlement for eligible USDT deposits will be completed by December 31, 2025, providing clarity regarding timeframes.
These adjustments come as a response to unprecedented demand. To manage this strain while safeguarding user funds, Hourglass has temporarily suspended new deposits from its institutional fund pool. Further updates are expected soon. The company emphasizes that user funds remain secure and highlights these changes as a necessary step to ensure both community trust and fair participation in the evolving ecosystem.
The company’s reforms reflect the need for balance between rapid growth, regulatory pressure, and sustainable operations within the stablecoin market.