Hourglass has announced the commencement of the second phase of KYC verification for its Stable pre-deposit vault, with a deadline set for 7:59 AM Beijing time on November 12. Over 24,000 wallets, representing approximately $1.74 billion in deposits, have successfully passed the initial wallet screening. Users who have not yet completed KYC verification are urged to do so by the deadline. Those who previously failed can attempt verification again during this period. If a user's wallet does not pass Chainalysis's screening, they can withdraw USDC directly from the contract. The KYC verification link is accessible only through the Hourglass dashboard, and users are advised to avoid links from other sources. For rejected applications, Hourglass will provide a resubmission process via its Discord channel.