According to @lookonchain, Phase 2 of the @Stable Pre-Deposit has surpassed $253 million, reflecting substantial on-chain participation in the program; source: @lookonchain on X (Nov 6, 2025). Over 60 wallets incorrectly used contract addresses as receiving addresses during deposits, with mis-sent funds exceeding $2.34 million; source: @lookonchain on X and Etherscan address 0xd9b2cb2fbad204fc548787ef56b918c845fcce40. The source issued a risk warning urging users to double-check receiving addresses before depositing to avoid sending funds to the wrong address; source: @lookonchain on X.

According to @coinsph, deposits and withdrawals of USDT and USDC are now available via the Aptos Network, which leverages parallel execution and the Move language to provide fast, secure, and low-cost crypto transactions. The scalability and low fees of Aptos make it attractive for real-time trading applications, potentially increasing liquidity and efficiency for traders using stablecoins on this network. This integration is expected to enhance trading flexibility and reduce transaction costs for USDT and USDC holders, as cited by @coinsph.

According to @nic__carter, banks opening checking accounts for crypto companies are undergoing extensive compliance reviews and imposing strict operational limits. Despite these measures, the FDIC remains critical, highlighting the ongoing challenges banks face when dealing with crypto-related deposits.