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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
Ripple (XRP) made a Big Announcement: The Expected Approval from Dubai has Arrived!
The American technology company Ripple announced that the stablecoin RLUSD has been approved as a cryptocurrency by the Dubai Financial Service Authority (DFSA).
This approval strengthens RLUSD's position as a reliable, institutional-grade stablecoin built on the foundations of regulatory compliance, utility, and transparency.
Additionally, with DFSA approval, RLUSD has joined the ranks of cryptocurrencies that can be legally used within the Dubai International Financial Center (DIFC).
The DFSA's approval allows DFSA licensed firms in the DIFC to include RLUSD in their virtual asset services.
At this point, DIFC companies can now use the RLUSD stablecoin for a variety of virtual asset services, such as payments, treasury management, and more.
DIFC is a free economic zone and financial district serving companies in the Middle East, Africa, and South Asia, and by the end of 2024, it had approximately 7,000 registered businesses.
Ripple's Senior Vice President responsible for Stablecoins, Jack McDonald, said the following:
In its latest statement, Ripple highlighted the development of cryptocurrency in the region and stated that it would continue to increase its activities in the area.
*This is not investment advice.
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