Hourglass: Users must complete KYC by November 12 at 7:59

Hourglass tweeted that the KYC link for the second phase of the Stable Reserve Fund is now live. Over 24,000 wallets (with a total deposit amount of approximately $1.74 billion) have successfully passed the wallet review.

Users must complete KYC by 7:59 AM Beijing time on November 12. Users who have not completed KYC before can do so during this window. If a user has deposited USDC but has not received the KYC link, it indicates that the wallet has not passed the Chainalysis wallet review, and they can withdraw USDC directly from the contract at any time.