PANews reported on October 24th that the public stablecoin chain Stable announced that the first phase of its pre-deposit campaign had reached its cap of $825 million. Stable stated that this was driven by partners and the community, and that more content would be released gradually. Its early ecosystem partners included Concrete, Morpho, Frax Finance, Pendle, USDT0, and LayerZero. Community members questioned the pre-deposit cap, claiming it was filled (by insiders) within minutes and that significant capital inflows had already occurred before the announcement.
The first phase of the Stable pre-deposit campaign quickly reached a peak of US$825 million
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