[Hourglass Stable Deposit Phase 2 Concludes, Over $1.1 Billion Allocated] Hourglass announced that the second phase of the Stable deposit campaign has concluded, with over 10,000 verified wallets contributing more than $1.1 billion in eligible deposits. The second phase utilized a proportional allocation mechanism, offering a minimum guaranteed quota of $1,000. The first $1,000 of each deposit was allocated at a 100% ratio, while the portion exceeding this amount was allocated proportionally. The allocated funds are expected to be returned by the end of the year. Currently, the funds are being transferred to the Anchorage custody platform, with $500 million to be allocated through top-tier investment banks. Further announcements will be released in due course.