Stablecoin

Hourglass

Read

Reserve

Billion

<div class="key-points-section">Key Points:
 <ul>
 <li>Stablecoin Reserve Phase 2 surpasses $1.6 billion in deposits.</li>
 <li>25,000 unique wallets involved by closing date.</li>
 <li>Record-breaking liquidity event in stablecoin sector.</li>
 </ul>
</div>
Hourglass reported that the Stablecoin Reserve Phase 2 garnered deposits exceeding $1.6 billion, involving over 25,000 wallets, closing at 1:25 AM UTC.
This significant liquidity addition highlights strong institutional interest and impacts stablecoin ecosystems, potentially affecting broader cryptocurrency market dynamics and institutional DeFi initiatives.
<h2 id="hourglass-phase-2-closes-with-1-6-billion-deposited">Hourglass Phase 2 Closes with $1.6 Billion Deposited</h2>
Hourglass reported that the Stablecoin Reserve Phase 2 exceeded $1.6 billion in deposits, involving over 25,000 unique wallets. This announcement was made on Hourglass's X platform, detailing the closure of the <a href="https://coincu.com/news/stable-to-launch-phase-2-of-pre-deposit/" rel="noopener noreferrer nofollow">deposit channel</a> at 1:25 AM UTC. An abnormally high volume of traffic led to the full utilization of Hourglass's frontend RPC capacity.
Hourglass conveyed that high demand led to a temporary pause in new deposit operations due to RPC capacity limits. They assured participants that all user funds remain secure and promised further updates soon.
<blockquote>
 "After the start of Phase 2 of the Stable Deposit Event, the platform experienced an abnormally high volume of traffic, causing Hourglass's frontend RPC capacity to be fully utilized. Due to overwhelming demand, Hourglass's institutional liquidity pool has temporarily paused new deposit operations. All user funds remain secure. Further updates will be announced shortly." - <a href="https://www.theblockbeats.info/en/flash/319281" rel="noopener noreferrer nofollow">The Block Beats</a>
</blockquote>
<h2 id="institutional-finance-eyes-stablecoins-amid-liquidity-shifts">Institutional Finance Eyes Stablecoins Amid Liquidity Shifts</h2>
Did you know? The Stablecoin Reserve Phase 2 saw one of the fastest growths in deposit volumes within hours, showcasing unprecedented market engagement since similar <a href="https://coincu.com/news/megaeth-public-sale-raises-one-billion/" rel="noopener noreferrer nofollow">events</a> like the USDT expansion five years ago.
According to CoinMarketCap, <a href="https://coinmarketcap.com/currencies/usd-coin/" rel="noopener noreferrer nofollow">USDC remains steady</a> at $1.00 per token with a market cap of $75.74 billion. The stablecoin's trading volume reached $20.03 billion over the past 24 hours, ensuring its market dominance near 2.20%.
<figure class="wp-block-image aligncenter size-large"><a href="https://coincu.com/wp-content/uploads/2025/11/USDC-daily-chart-on-1017-UTC-on-November-8-2025file.jpeg" rel="noopener noreferrer nofollow"> <img src="https://coincu.com/wp-content/uploads/2025/11/USDC-daily-chart-on-1017-UTC-on-November-8-2025file.jpeg" alt="usdc-daily-chart-297"> </a>
 <figcaption>
 USDC(USDC), daily chart, screenshot on CoinMarketCap at 10:17 UTC on November 8, 2025. Source: <a href="https://coinmarketcap.com/currencies/usd-coin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>
 </figcaption>
</figure>
<a href="https://coincu.com" rel="noopener noreferrer nofollow">Coincu research suggests</a> that these deposit phases indicate potential liquidity power shift towards stablecoins in institutional finance. Regulatory scrutiny may increase as authorities monitor these transactions, emphasizing security and transparency in the evolving market landscape.
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 <td>DISCLAIMER:&nbsp;The information on<a href="https://coincu.com/" rel="noopener noreferrer nofollow"> this website</a> is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.</td>
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</figure> <a href="https://coincu.com/uncategorized/stablecoin-reserve-1-6-billion/" rel="noopener noreferrer nofollow">Read original article on coincu.com</a>

Stablecoin Reserve Surpasses $1.6 Billion in Phase 2 Closing

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