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 requirementsCheck 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 the public announcement, leading to accusations of front-running.
🚨 #Stable ’s pre-deposit move is outright sketchy @stable ’s pre-deposit phase capped at $825M in minutes, and then 10 wallets directly linked to the owner dumped $500M $USDT into the platform before the public announcement. This is straight-up insider trading and market… pic.twitter.com/1GVDxUpLRH
— Shawn (@ShawnCT_) October 24, 2025
Community members commented under Stable’s new post, warning that insiders might again receive early access. Some users expressed doubts that wallet restrictions alone would stop this from happening again. The discussion has created pressure on the project to provide more transparent launch procedures.
Although Stable confirmed changes for Phase 2, it has not directly responded to these concerns. Many users are now waiting to see how the team plans to ensure fair access for retail participants in the upcoming round.
Stable Continues Building Stablecoin-Focused Blockchain
Stable is building a high-throughput Layer 1 blockchain that focuses on stablecoin payments and decentralized applications. The project is backed by major crypto firms including Bitfinex and USDT0. Its ecosystem is being designed to handle large volumes of USDT transactions across various use cases.
The pre-deposit campaign offers participants future token rewards tied to the platform’s upcoming native token. These early contributions are expected to support the network’s initial liquidity and engagement. However, concerns around fair access could affect public trust in the process.
Stable stated that more details about Phase 2 will be shared soon on its official X account. The team has not yet confirmed how it plans to enforce the new wallet rules or prevent early access. Users are watching closely to see whether the upcoming round will allow wider and fairer participation.
