#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 announced the launch of the PYUSD stablecoin rewards program.
Gate.io News bot, according to Bloomberg, PayPal will launch the PYUSD stablecoin holding reward program in the summer of 2024. Under the program, U.S. users holding PYUSD stablecoins in PayPal and Venmo wallets earn 3.7% per year, with earnings calculated daily and distributed monthly.
The PYUSD earnings obtained by users have various uses, including exchanging for fiat currency, transferring to other users, making international remittances, and making payments on the PayPal Checkout platform.
Source: Wu Shuo