Crypto News Today: Stable Set to Launch Phase 2 of Predeposit Campaign Starting Next Week
The post Crypto News Today: Stable Set to Launch Phase 2 of Predeposit Campaign Starting Next Week appeared on BitcoinEthereumNews.com.
Stable to launch Phase 2 of its pre-deposit campaign next week with new wallet rules after early access concerns in Phase 1. Layer 1 blockchain project Stable has announced it will begin Phase 2 of its pre-deposit campaign next week. The campaign allows users to deposit stablecoins such as USDT in return for future ecosystem rewards. However, following the first phase, concerns about fairness and access are growing across the crypto community. Stable to Launch Phase 2 With New Participation Rules Stable shared on social platform X that Phase 2 of the campaign will feature a total deposit cap, similar to Phase 1. The project added that this phase will include per-wallet deposit limits and specific wallet requirements. These new conditions aim to reduce the advantage of large holders who took part in the initial round. Excited to announce that Phase 2 of the ecosystem-led Pre-Deposit Campaign is launching next week. Here’s what to expect: • 24-hour countdown• Fixed total deposit cap• Per-wallet deposit limits• Individual wallet requirements Check back here for more information. — Stable (@stable) October 29, 2025 During Phase 1, the deposit cap of $825 million was reportedly reached in just 22 minutes. Many users were unable to participate before the deposits closed. Stable did not yet confirm whether the cap will remain the same in the second round. The team said more details on the updated campaign will be revealed soon through its official X account. No exact start date or cap amount has been provided yet. Community Raises Concerns Over Fairness and Access After Phase 1, many users on X questioned the fairness of the deposit process. On-chain data shared by several users showed that a large number of deposits came from a small group of large wallets. These wallets reportedly deposited funds before…
Filed under: News - @ October 29, 2025 3:27 pm