Hourglass Confirms 12,000 Approved KYC Applications for Stable Phase Two Presave

Hourglass extended the Phase Two KYC deadline for the Stable deposit campaign by 24 hours to November 13, reflecting increased participation with over 17,000 approvals.

Summary

Hourglass announced a 24-hour extension for Phase Two KYC in its Stable deposit campaign, now closing November 13 at 07:59 Beijing time. Over 17,000 applications have been approved, up from the earlier figure of 12,000. The campaign targets eligible regions, excluding the United States and sanctioned jurisdictions, and previously recorded more than 24,000 wallets passing initial screening with holdings of about $1.74 billion.

Terms & Concepts
  • KYC (Know Your Customer): A verification process where participants provide identity information to comply with regulatory requirements for financial transactions.
  • Presave Activity: A pre-launch stage allowing eligible participants to reserve or secure access to a project before its official release.
  • Sanctioned Areas: Regions under official trade or financial restrictions imposed by governments or international bodies.