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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
JD.com plans to apply for a global stablecoin license, targeting the cross-border payment market.
According to Gate News bot, as reported by Sina Finance, Liu Qiangdong, the chairman of JD Group, announced the company's stablecoin development plan at a sharing session. JD is working on applying for stablecoin licenses in major currency countries around the world, aiming to optimize the foreign exchange process between global enterprises.
Through stablecoin technology, cross-border payment costs will be reduced by 90%, and processing time will be shortened to within 10 seconds. Liu Qiangdong stated: "Currently, remittances between enterprises take an average of 2 to 4 days, and the costs are quite high. After completing B-end payments, we will penetrate into C-end payments, hoping that one day everyone can use JD stablecoin for payments when consuming worldwide."
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