Hourglass has announced the closure of its Phase 2 deposit for its stablecoin reserve, with total deposits reaching approximately $1.8 billion. This marks a significant milestone for the project as it progresses in its financial strategy. The Phase 2 deposit was part of Hourglass’s efforts to strengthen its reserve and enhance the stability of its stablecoin. The closure of this deposit phase indicates a strong interest and participation from investors in the stablecoin initiative. Hourglass aims to utilize these funds to further develop its ecosystem and ensure the resilience of its stablecoin in the market.
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Last updated on November 8th, 2025 at 02:00 am
