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- 🏁 Gate Red Bull Racing Tour 2025 In Full Swing!
Up to now, the total trading volume exceeded $2 billion, with top trader trading volume nearing $200 million
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#GateRedBullRacingTour# - 📢 Gate releases its latest Reserve Audit Report!
💰 Total reserves: $10.453B
🟢 Excess reserves: $1.96B — ensuring full coverage and extra security for user assets.
Gate continues to uphold 100% proof-of-reserves and full transparency.
🔗 Read the full report: https://www.gate.com/zh/announcements/article/45617
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- #Gate Latest Proof of Reserves Reaches 10.453 Billion Dollars#
Gate has released its latest Proof of Reserves report! As of June 2025, the total value of Gate’s reserves stands at $10.453 billion, covering over 350 types of user assets, with a total reserve ratio of 123.09% and an excess reserve of $1.96 billion.
Currently, BTC, ETH, and USDT are backed by more than 100% reserves. The BTC customer balance is 17,022.60, and Gate’s BTC balance is 23,611.00, with an excess reserve ratio of 38.70%.The ETH customer balance is 386,645.00, and Gate’s ETH balance is 437,127.00, with an excess reserve
Paypal will integrate PYUSD into the Stellar network.
PayPal's CEO, Alex Chriss, announced that the company will bring PYUSD, PayPal's stablecoin, onto the Stellar network to enhance fast and cost-effective cross-border payments.
They are waiting for approval from NYDFS. PayPal intends to upgrade stablecoin for real-world and microfinance transactions, leveraging the speed and low costs of Stellar. This collaboration will also introduce the payment funding model (PayFi) for small businesses, allowing them to access working capital instantly. However, PYUSD faces challenges from the cryptocurrency's reputation and delays in NYDFS approval. Additionally, PYUSD competes with Circle's USDC, which is dominating the market. If PayPal succeeds, their stock may rise significantly, but if not, PYUSD could struggle.