Phase 2 of the Stablecoin Reserve achieved over 1.6 billion USD in deposits with participation from 25,000 unique wallets. The demand led to a brief halt in new deposits on the Hourglass platform, yet all funds remain secure.
USDC maintains its price stability at 1.00 USD and holds a market cap of 75.74 billion USD, indicating a robust trading presence with recent volumes hitting 20.03 billion USD.
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