Hourglass Sets KYC Deadline for Stable Deposit Vault Users

Hourglass has announced a KYC requirement deadline of November 12, 2025, for users of its Stable Deposit Vault. The decision follows high inflows, with more than $1.74 billion in deposits across over 24,000 wallets passing initial screenings. The decision involves Hourglass users needing to complete KYC processes following the announcement on their official channels. The deadline has been established in response to the substantial flow of funds into the vault.

“The KYC link for the second phase of the Stable deposit activity is scheduled to be released before 7:59 AM Beijing time on November 9. After the link is published, users will have 72 hours to complete the KYC verification.” – Official Hourglass Account, Project Update

Immediate effects include an increase in user scrutiny as they comply with KYC. Market responses to such large deposit movements may lead to shifts in stablecoin asset flows, particularly for USDC and USDT. The financial implications are significant, considering the vast amount of funds. Allocations will be settled by December 31, 2025, potentially influencing stablecoin reserves and liquidity within crypto markets. Such compliance requirements are becoming more common in the crypto industry. Historical trends suggest that KYC processes can temporarily affect liquidity, but compliance typically stabilizes markets, reinforcing user trust through increased regulatory alignment. Engaging users through social media and direct communications, Hourglass underscores the importance of completing their KYC. Compliance ensures continued participation in their financial ecosystem, with the next steps including further deposit management and asset allocation.