Stable has launched the second phase of its $500 million USDC pre-deposit program and plans to convert it into USDT.

Stable, as a leading stablecoin public blockchain, officially launched the second phase of its $500 million USDC pre-deposit program on November 6, 2025. The plan is to convert these USDC holdings into new USDT tokens, aiming to boost on-chain liquidity and promote the development of the stablecoin market.

This initiative not only seeks to enhance USDT liquidity but also aims to attract more institutional funds, strengthening the connection between stablecoins and mainstream financial markets. It reflects traditional financial institutions’ growing interest in the stablecoin sector and could have a profound impact on USDT’s liquidity and market participation.

Stable’s $500 Million USDC Pre-Deposit Goal and Liquidity Enhancement Plan

Phase Two Launch: Increasing On-Chain Liquidity

Recently, Stable announced that the second phase of its pre-deposit campaign will open up to $500 million in USDC deposits. The plan is to convert these USDC holdings into new USDT tokens, thereby increasing USDT’s on-chain liquidity. The goal is to attract more institutional capital to foster the maturity and stability of the stablecoin market.

Joshua Harding, founder and CEO of Stable, stated that the company hopes this innovative move will improve access for institutional players and strengthen stablecoin market liquidity, especially through liquidity transfer between USDC and USDT to optimize stablecoin utility.

Institutional Support and Industry Endorsement

Tether CEO Paolo Ardoino publicly supported Stable’s plan, calling it revolutionary and capable of advancing stablecoins’ application within mainstream financial markets. Ardoino emphasized that Stable’s innovative market strategies not only enhance liquidity but also provide more convenient stablecoin solutions for traditional finance.

Joshua Harding added, “We have received strong support from major investors in both the crypto and traditional finance sectors, which shows they share our vision. We are excited to collaborate with them to realize this vision.”

Specific Goals of the Campaign

The primary aim of Stable’s initiative is to increase USDT’s on-chain liquidity and further connect institutional funds with on-chain markets. By converting USDC into USDT, Stable expects to significantly increase USDT’s market supply and attract more institutional inflows.

This project seeks to promote the healthy development of the stablecoin ecosystem, enhance its adoption and legitimacy in global financial markets. Additionally, Stable plans to work with institutions to ensure its technological infrastructure meets the demands of mainstream finance.

Market Impact and the Evolution of Stablecoins

Similar Past Stablecoin Migration Events

Stable’s plan is reminiscent of previous stablecoin migrations like Tron’s USDT, especially during periods of market volatility. Such moves aim to boost liquidity and optimize capital structures to strengthen stablecoins’ market influence. These strategies help improve stablecoin efficiency and market integration, further elevating their role in the global financial system.

According to CoinMarketCap, USDC currently maintains a stable price of $1.00, with a market cap of approximately $75 billion and a 24-hour trading volume around $23 billion. This demonstrates USDC’s stability and widespread use in the market.

Potential Impact on the Stablecoin Ecosystem

Coincu reports that Stable’s initiative could have a significant impact on stablecoin liquidity. Not only could it enhance USDT liquidity, but it might also encourage other stablecoin projects to strengthen their ties with financial markets, driving overall growth in the stablecoin sector. As the market expands and mainstream financial institutions participate more actively, Stable’s strategy could become a key milestone for industry development.

Compliance with Stablecoin Standards and the GENIUS Act

To promote healthy growth in the stablecoin market, Stable has adhered to the compliance requirements of the GENIUS Act during this initiative. This not only enhances the legal standing and legitimacy of stablecoins but also lays a foundation for long-term industry development. The GENIUS Act aims to promote stablecoin compliance, ensuring stability and transparency in financial markets—key factors for stablecoins to become mainstream financial assets.

Capital Flows and Financial Market Integration

Accelerating Institutional Capital Flows and Market Fusion

Through this second-phase pre-deposit campaign, Stable is further encouraging institutional inflows, especially as traditional financial institutions show increasing interest in stablecoins. This move not only boosts USDT liquidity but also strengthens the link between traditional finance and crypto markets.

With more institutional funds entering, stablecoins’ use cases will expand—whether in payments, cross-border remittances, or financial derivatives. Therefore, Stable’s liquidity enhancement plan could have a significant impact on the broader financial infrastructure.

Rising Demand for Stablecoins in Mainstream Finance

As digital asset markets grow, mainstream financial institutions are increasingly seeking stablecoins for their operations. Many are exploring how to incorporate stablecoins into their existing products and services. Stable’s innovative pre-deposit program meets this demand and creates opportunities for more financial institutions to participate in the stablecoin ecosystem.

Conclusion

By launching the second phase of its $500 million USDC pre-deposit campaign, Stable is pushing the stablecoin market into a new stage. Enhancing USDT’s on-chain liquidity and attracting institutional capital lay a stronger foundation for stablecoins’ integration into mainstream finance. As more financial institutions get involved, liquidity and market cohesion will further improve, contributing to the digital transformation of the global financial system.

Looking ahead, as the stablecoin ecosystem matures and acceptance of crypto assets increases worldwide, projects like Stable will play a crucial role in driving stablecoins toward becoming mainstream financial tools.