PANews reported on November 5th that Stable, a stablecoin public chain, announced on its X platform that the second phase of its pre-deposit activity will launch on November 6th at 22:00 (UTC+8), accepting up to $500 million in eligible deposits. Participation requires depositing USDC and completing KYC (Know Your Customer) procedures. Each verified user is limited to one wallet. All USDC deposits will be converted into new USDT on the Stable network, improving on-chain liquidity, bridging institutional funds with the on-chain market, and strengthening the overall stablecoin liquidity of the ecosystem.