#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
$ALGO boosts more than 12% after unveiling Fiat Chain launch plans
$ALGO, the native token powering a diverse range of applications across the Algorand ecosystem, is up above 12% in the past 24hours, & now trades around $0.17621, with inflow of $48.24M, & trading volume of $72.15M, as per Gate.io chart.
The Algorand Foundation has recently unveiled plans for "Fiat Chain" a new type of blockchain, geared towards institutional use cases & using only stablecoin currencies. The new chain borrows from ALGO's proven tech with focus on instant finality, scalability & security. Algorand dApps will work perfectly on the Fiat Chain & vice versa, with both sharing the same developer toolkit, enabling devs to build native cross-chain dApps with a great user experience & full chain abstraction.