PANews reported on November 10th that Hourglass announced on its X platform that the second phase of KYC verification for the Stable pre-deposit vault is now available, with over 24,000 wallets representing approximately $1.74 billion in deposits successfully passing the wallet screening. Frequently Asked Questions:

1. Each user must complete KYC verification by 7:59 AM Beijing time on November 12 (11:59 PM UTC on Tuesday, November 11).

2. Users who previously failed to complete KYC verification can do so during this period. If you have deposited funds but have not received the KYC verification link, it means your wallet has not passed Chainalysis's wallet screening, and you can withdraw USDC directly from the contract at any time.

3. The KYC verification link can only be accessed through the Hourglass front end in the user's dashboard. Never trust links sent from other places. KYC vs. KYB: KYC is for individuals; KYB is for businesses and entities.

4. If your KYC verification is rejected, please do not resubmit immediately. Hourglass Discord will publish a resubmission process for users whose applications were rejected due to errors.