logo
    • Buy Crypto
    • Markets
    • Futures
    • Spot
    • Earn
    • Affiliates & AI
    • More
    1. WEEX
    2. Crypto News
    3. Stablecoin $825M Pre-Deposit Flash Loan, Whale Entrance with $700M Before Official Announcement?

    Stablecoin $825M Pre-Deposit Flash Loan, Whale Entrance with $700M Before Official Announcement?

    By: blockbeats|2026/03/28 09:18:01
    0
    Share
    copy
    Prefer us on GooglePrefer us on Google
    PagePage
    QUOTAQUOTA
    THISTHIS
    EnhanceEnhance
    ENHANCEENHANCE
     
    Original Title: "Stable's First Round of $825 Million Pre-deposit Sold Out Instantly, $700 Million Released First Before Announcement?"
    Original Author: Asher, Odaily Planet Daily

    The project Stable, which has been a hot topic in the community recently, announced this morning on the X platform that the first phase of its pre-deposit activity has reached the $825 million upper limit.

    "What? I just rang the bell, and as soon as I opened the page, there was no quota left?" — This was a true reflection of many users who tried to participate for the first time this morning. Below, Odaily Planet Daily will take you to learn about the Stable project and review the whole process of this morning's "$825 million pre-deposit sold out instantly."

    Stable: A Layer1 Blockchain Designed Specifically for USDT

    Stablecoin $825M Pre-Deposit Flash Loan, Whale Entrance with $700M Before Official Announcement?

    Stable is a high-performance Layer1 blockchain designed specifically for USDT, aiming to provide a fast, low-cost, low-latency stablecoin transaction network. Unlike general-purpose blockchains, Stable focuses on the payment and settlement functions of USDT, hoping to make USDT have a cash-like experience on-chain, suitable for cross-border payments, e-commerce payments, and corporate settlements.

    In terms of technical design, Stable adopts an independent blockchain architecture, supports EVM compatibility and sub-second transaction confirmation, and plans to introduce a gas-free USDT0 transfer mode, as well as provide institutions with apply-for exclusive block space and compliance-friendly privacy transaction support. These features are designed to lower the barriers for enterprises and end-users to use blockchain payments and enhance stablecoin transaction efficiency. The core technical framework of the project has been basically completed, but the launch dates for the testnet and mainnet have not been announced yet.

    It is worth noting that Stable has received investments from well-known institutions including Bitfinex, Hack VC, and Franklin Templeton, and has been endorsed by Tether officially, with Tether CEO Paolo Ardoino also publicly supporting the project. These funds are mainly used for network infrastructure construction and global USDT payment ecosystem expansion.

    Stable's Pre-deposit Activity Faces Criticism

    The first phase of Stable's USDT pre-deposit activity quickly sparked a huge controversy after it opened, with a large number of community users questioning serious "insider trading" operations. According to the official timeline, Stable officially tweeted to announce the opening of the pre-deposit at 9:10 am Beijing time, but on-chain data shows that people had already deposited funds as early as 8:48, which was significantly earlier than the official time.

    Official Announcement: Large Funds from Multiple Addresses Participated in Pre-Deposit Activity

    On-chain data shows that the $825 million pre-deposit amount for this event had already been "pre-sold" for $700 million before the public announcement. Among them, 10 whale addresses collectively deposited around $600 million USDT, and all funds originated from the same wallet address, which was split and filled to the limit within 10 seconds. Further analysis revealed that these funds were all withdrawn from the BTSE CEX before being dispersed into different wallets for participation in the pre-deposit, indicating a unified operation likely conducted by the same capital group. In addition, the funds from these addresses had completed preparation and layout hours before the start of the activity, further fueling community dissatisfaction.

    Prior to the pre-deposit event, 10 whale addresses with the same source of funds collectively deposited 600 million USDT

    Relatively speaking, ordinary users had little to no participation space. Many users reported that upon entering the official website, they either encountered authorization failures or their transactions were delayed in packaging, and by the time they saw the official tweet, only 0.13 USDT was left on the page to deposit, indicating that while a small amount of allocation appeared available, retail investors were practically unable to participate.

    Community Feedback: Upon the official announcement, only 0.13 USDT was left to deposit on the page

    According to Dune data, the $825 million pre-deposit event had only 273 addresses participating, with the participation ratio of ordinary users being almost negligible. More notably, among all participating addresses, nearly 40 addresses had deposits lower than 500 USDT, and there were even extremely small deposits of 1 USDT, 3 USDT, 5 USDT, or tens of USDT, leading the community to sarcastically label these small addresses as mere props used to inflate the number of participants, devoid of any real sense of participation.

    Stablecoin Pre-Deposit Data

    Overall, the first phase of the $825 million Stablecoin pre-deposit activity quickly reached its limit. However, community sentiment was highly negative, being described as an "epic-level frontrunning" and a "pre-sale that was predetermined in advance".

    Summary

    "Insults aside, we still gotta make money." Although the first phase of the Stable project's presale was heavily controversial due to serious "insider trading" issues, considering its endorsement by Tether official and support from top-tier capital, the project still possesses strong market influence and sustained tracking value.

    What is more worth paying attention to next is actually the presale activities related to centralized exchanges, especially whether Binance will launch a deposit or participation activity for Stable. Previously, Binance had launched the Plasma (XPL) deposit activity, with the first phase's individual deposit limit as high as $100,000, and subsequent batches could also deposit up to $50,000. Since it is a stablecoin deposit participation, with no principal loss, the yield from selling immediately after XPL's listing reached an annualized rate of up to 79%, becoming one of the highest-yielding projects listed on CEX this year.

    From this perspective, Stable is still a project of high priority for attention. While on-chain activities may have already been consumed by large funds, the CEX phase may be the participation window suitable for ordinary retail investors.

    Original Article Link

    -- Price

    --

    This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.

    You may also like

    $29.2 Million in rsETH Stolen, Shocking Impact on Collateral Limits

    $29.2 Million in rsETH Stolen, Shocking Impact on Collateral Limits

    In a significant breach at the KelpDAO rsETH bridge, 116,500 rsETH, worth approximately $29.2 million (around 41.17 billion KRW), was stolen, causing a ripple effect in the decentralized finance (DeFi) lending market. Spark's conservative collateral limits were evaluated as a factor that slowed the ...
    Kraken holds the instant liquidation switch on a crypto firm’s 479 Bitcoin if price drops to $45,094

    Kraken holds the instant liquidation switch on a crypto firm’s 479 Bitcoin if price drops to $45,094

    The Aug. 7 filing ties 479 pledged Bitcoin to the higher balance, making the dated, principal-only threshold calculable.
    One of the defendants in the $LIBRA case argued that savers took risks and lost, but were not scammed

    One of the defendants in the $LIBRA case argued that savers took risks and lost, but were not scammed

    Crypto Payment Card Usage Reaches $760 Million in July, Up 2.5 Times Year-on-Year

    Crypto Payment Card Usage Reaches $760 Million in July, Up 2.5 Times Year-on-Year

    Will the American Express US Open Lounge Support AXP Stock?

    Will the American Express US Open Lounge Support AXP Stock?

    Deutsche Bank Increases Investment in MicroStrategy to $85 Million

    Deutsche Bank Increases Investment in MicroStrategy to $85 Million

    The delay in Polymarket's price recalibration lasts 80 minutes

    The delay in Polymarket's price recalibration lasts 80 minutes

    Elon Musk: AI Could Consume 1000 Times More Internet Than Humans in the Next 5 Years!

    Elon Musk: AI Could Consume 1000 Times More Internet Than Humans in the Next 5 Years!

    Mysten launches confidential settlement prototype on Sui

    Mysten launches confidential settlement prototype on Sui

    BlackRock Canada launches ETF with 3% Bitcoin allocation

    BlackRock Canada launches ETF with 3% Bitcoin allocation

    Decentralization was the beginning. Call it onchain finance

    Decentralization was the beginning. Call it onchain finance

    Andre Cronje explains why modern DeFi increasingly resembles onchain finance, with greater focus on operational risk, security, transparency, and financial infrastructure.
    Brazil's $319B Crypto Market Faces October Licensing Deadline: CertiK

    Brazil's $319B Crypto Market Faces October Licensing Deadline: CertiK

    Prediction Markets Estimate July Inflation Below Consensus in New CPI Report

    Prediction Markets Estimate July Inflation Below Consensus in New CPI Report

    Kalshi's prediction markets assign less than a 55% probability that July inflation will exceed 3.3%, below the Dow Jones consensus of 3.4%. What to expect from the CPI report on Wednesday?
    Iran and Oman Near Agreement on Hormuz Route... 'US Compensation' as a Variable

    Iran and Oman Near Agreement on Hormuz Route... 'US Compensation' as a Variable

    Fixed Term in August: How Much $1,500,000 Yields in 30 Days and How to Maximize Profits

    Fixed Term in August: How Much $1,500,000 Yields in 30 Days and How to Maximize Profits

    The rates show significant differences among entities: some pay less than 17% while others exceed 22% nominal annual.
    The dollar flirts with $1,500 and tests a key ceiling for the Government

    The dollar flirts with $1,500 and tests a key ceiling for the Government

    The wholesale dollar opens the last week at $1,499 but still remains far from the ceiling of the exchange rate band. The city is already starting to look at the electoral calendar of 2027 as a factor that could raise the dollarization of portfolios again.
    Crypto: A macro bomb is coming Wednesday, the market braces for shock

    Crypto: A macro bomb is coming Wednesday, the market braces for shock

    Pentagon lends $1.4 billion to battery startup without China

    Pentagon lends $1.4 billion to battery startup without China

    $26 Billion, 70% in Native Tokens: The Time Bomb of DAOs

    $26 Billion, 70% in Native Tokens: The Time Bomb of DAOs

    70% of the $26 billion in DAO treasuries are held in their own token, according to GSR. The mechanics that exacerbate each crash.
    An event for Bitcoin, a 'non-event' for its price

    An event for Bitcoin, a 'non-event' for its price

    Bitcoin Hesitates, Ethereum Resists – Steady Lads

    Bitcoin Hesitates, Ethereum Resists – Steady Lads

    Bitcoin hesitates under its resistances, while Ethereum and altcoins prepare for their next move. Analysis from Steady Lads.
    Apple Faces Growing Skepticism: Jefferies Downgrades Rating and Price Target

    Apple Faces Growing Skepticism: Jefferies Downgrades Rating and Price Target

    Apple is facing its worst moment in years: Jefferies' downgrade adds to a growing chorus of pessimism. Analyst Edison Lee questions the company's ability to innovate and maintain high prices, while the market doubts its future.
    Peter Brandt's Warning: Bitcoin May Drop Again to $58,000

    Peter Brandt's Warning: Bitcoin May Drop Again to $58,000

    UMAMI Invests Over 50 Million EGP in AI-Powered Education Platform

    UMAMI Invests Over 50 Million EGP in AI-Powered Education Platform

    Agribusiness and Blockchain: Shielding Traceability Against the Global Siege

    Agribusiness and Blockchain: Shielding Traceability Against the Global Siege

    Pump.fun Goes All In: Offering $30,000 Monthly Salary to Compete with FOMO for 'Trading Influencers'

    Pump.fun Goes All In: Offering $30,000 Monthly Salary to Compete with FOMO for 'Trading Influencers'

    US Inflation Sets Course for Dollar and Fed Interest Rates

    US Inflation Sets Course for Dollar and Fed Interest Rates

    Central Bank Requires 24-Hour Hold on Crypto Transactions Over R$ 10,000

    Central Bank Requires 24-Hour Hold on Crypto Transactions Over R$ 10,000

    Crypto Cards: A New Record of $759 Million, Far from Exchanges

    Crypto Cards: A New Record of $759 Million, Far from Exchanges

    Crypto cards: monthly spending reaches a record $759 million in July 2026, driven by USDC, USDT, and RedotPay.
    GLM-5.2 Plummets 95% and Threatens DeepSeek in AI Price War

    GLM-5.2 Plummets 95% and Threatens DeepSeek in AI Price War

    Zhipu has slashed the price of its GLM-5.2 model by 95%, making it cheaper than DeepSeek V4 Flash and sparking a price war with agent platforms. Third parties like OpenRouter and StreamLake are now offering tokens at $0.07 for entry and $0.22 for exit per million, while the official price is $1.4 an...

    $29.2 Million in rsETH Stolen, Shocking Impact on Collateral Limits

    In a significant breach at the KelpDAO rsETH bridge, 116,500 rsETH, worth approximately $29.2 million (around 41.17 billion KRW), was stolen, causing a ripple effect in the decentralized finance (DeFi) lending market. Spark's conservative collateral limits were evaluated as a factor that slowed the ...

    Kraken holds the instant liquidation switch on a crypto firm’s 479 Bitcoin if price drops to $45,094

    The Aug. 7 filing ties 479 pledged Bitcoin to the higher balance, making the dated, principal-only threshold calculable.

    One of the defendants in the $LIBRA case argued that savers took risks and lost, but were not scammed

    Crypto Payment Card Usage Reaches $760 Million in July, Up 2.5 Times Year-on-Year

    Will the American Express US Open Lounge Support AXP Stock?

    Deutsche Bank Increases Investment in MicroStrategy to $85 Million

    ...
    Exclusive new user rewards
    Sign up to get 10 USDT
    Exclusive new user rewardsSign up

    Contents

    Stable: A Layer1 Blockchain Designed Specifically for USDT
    Stable's Pre-deposit Activity Faces Criticism
    Summary
    Page

    Latest articles

    2026/04/02

    Trump Signals Conclusion of Iran Conflict and Market Ripples

    Key Takeaways: Oil prices surged past $100 a barrel amidst Trump’s speech about the winding down of the…

    BTCBTC
    00.00%--
    2026/03/30

    29 Days In, What Are America’s Options on Iran?

    The key is not in ground invasion but in the combination of striking capability and governance.
    CYBERCYBER
    00.00%--
    2026/03/28

    Stablecoin $825M Pre-Deposit Flash Loan, Whale Entrance with $700M Before Official Announcement?

    In reality, only 274 addresses participated, and the community questioned the "serious whale wallet" practice.
    2026/03/24

    If the US and Iran have not reached an agreement in 5 days, what other cards does Trump have?

    A $100 Brent implies an approximate 30-40% "strike probability".
    CYBERCYBER
    00.00%--
    DIADIA
    00.00%--
    2025/07/03

    Distinct Possibility Studios has completed a $30.5 million funding round, with Bitkraft Ventures and Brevan Howard Digital co-leading the investment.

    BlockBeats News, July 4th, according to The Block, Web3 game studio Distinct Possibility Studios has completed a $30.5 million funding round, with Bitkraft Ventures and Brevan Howard Digital co-leading the round, and participation from the Tezos Foundation, Hashed, Delphi Ventures, Shima Capital, No...
    XTZXTZ
    00.00%--
    More

    Latest coin listings on WEEX

    logoCommunity
    iconiconiconiconiconiconicon
    Customer Support:@weikecs
    Business Cooperation:@weikecs
    Quant Trading & MM:bd@weex.com
    VIP Program:support@weex.com
    • About Us
    • Announcement Center
    • Media Kit
    • WEEX Community
    • WXT Zone
    • Announcement
    • Legal Statement
    • Risk Disclosure
    • Terms and Policies
    • Privacy Policy
    • Whistleblower Notice
    • AML/CTF Policy
    • Law Enforcement
    • User Guide
    • Product Launches
    • Crypto News
    • Product Launches
    • Crypto Wiki
    • Learn
    • Q&A
    • Spot
    • Futures
    • Glossary
    • VIP Program
    • Download
    • Affiliate
    • Protection Fund
    • Proof of Reserves
    • Sitemap
    • ETFs
    • Crypto Prices
    • Price Predictions
    • WXT Price
    • BTC Price
    • ETH Price
    • DOGE Price
    • How to Buy Crypto
    • How to Buy WXT
    • How to Buy BTC
    • How to Buy ETH
    • How to Buy DOGE
    • Help Center
    • Fee Schedule
    • Trading Rules
    • WEEX Academy
    • Contact Verifier
    • Submit Feedback
    • About Us
    • Announcement Center
    • Media Kit
    • WEEX Community
    • WXT Zone
    • Announcement
    • Help Center
    • Fee Schedule
    • Trading Rules
    • WEEX Academy
    • Contact Verifier
    • Submit Feedback
    • Customer Support Bot
    • VIP Services
    • Legal Statement
    • Risk Disclosure
    • Terms and Policies
    • Privacy Policy
    • Whistleblower Notice
    • AML/CTF Policy
    • Law Enforcement
    • Proof of Reserves
    • Invite Friends
    • OTC
    • Download
    • Affiliate
    • VIP Program
    • API
    • Broker
    • Listing Application
    • Affiliate T&C
    • Sitemap
    • Futures
    • Spot
    • Copy Trade
    • Markets
    • WEEX Store
    • User Guide
    • Product Launches
    • Crypto News
    • Product Launches
    • Crypto Wiki
    • Learn
    • Q&A
    • Spot
    • Futures
    • Glossary
    • VIP Program
    • Download
    • Affiliate
    • Protection Fund
    • Proof of Reserves
    • Sitemap
    • ETFs
    • Crypto Prices
    • Price Predictions
    • WXT Price
    • BTC Price
    • ETH Price
    • DOGE Price
    • How to Buy Crypto
    • How to Buy WXT
    • How to Buy BTC
    • How to Buy ETH
    • How to Buy DOGE
    • About Us
    • Announcement Center
    • Media Kit
    • WEEX Community
    • WXT Zone
    • Announcement
    • Help Center
    • Fee Schedule
    • Trading Rules
    • WEEX Academy
    • Contact Verifier
    • Submit Feedback
    • Legal Statement
    • Risk Disclosure
    • Terms and Policies
    • Privacy Policy
    • Whistleblower Notice
    • AML/CTF Policy
    • Law Enforcement
    • Customer Support Bot
    • VIP Services
    • Futures
    • Spot
    • Copy Trade
    • Markets
    • WEEX Store
    • Proof of Reserves
    • Invite Friends
    • OTC
    • Download
    • Affiliate
    • VIP Program
    • API
    • Broker
    • Listing Application
    • Affiliate T&C
    • Sitemap
    • User Guide
    • Product Launches
    • Crypto News
    • Product Launches
    • Crypto Wiki
    • Learn
    • Q&A
    • Spot
    • Futures
    • Glossary
    • VIP Program
    • Download
    • Affiliate
    • Protection Fund
    • Proof of Reserves
    • Sitemap
    • ETFs
    • Crypto Prices
    • Price Predictions
    • WXT Price
    • BTC Price
    • ETH Price
    • DOGE Price
    • How to Buy Crypto
    • How to Buy WXT
    • How to Buy BTC
    • How to Buy ETH
    • How to Buy DOGE

    Where new wealth is made

    Download app

    Sign Up
    h5 logo
    Download