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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
Cardano stablecoin swap proposal
Key Points:* Cardano proposes a $100 million ADA swap for stablecoins to enhance DeFi liquidity.
The proposition could reshape Cardano’s DeFi landscape by increasing stablecoin usage, despite differing opinions from Cardano CEO Frederick Gregaard regarding DeFi growth metrics.
Cardano’s Strategic Proposal & Community’s Mixed Reactions
Charles Hoskinson explained in a live broadcast that the $100 million ADA swap involves exchanging ADA for Bitcoin and several Cardano-native stablecoins. He emphasized that the current stablecoin deficit stifles Cardano’s DeFi ecosystem. “What is killing Cardano is our stablecoin situation. This would start to solve it. Generate some non-inflationary revenue for the treasury, and help build up our DeFi economy.”
The proposed changes involve broadening stablecoin integration and enhancing Cardano’s DeFi competitiveness. Hoskinson projected that this initiative would help generate non-inflationary revenue for Cardano’s treasury, positioning Cardano more favorably against Ethereum and Solana.
Community reactions reflect a strategic rift regarding Cardano’s approach to growth, particularly in focusing on liquidity metrics versus regulatory and institutional engagements. The proposal demands community approval, where concerns about the move’s prudency versus long-term sustainability remain contested.
Market Overview
Did you know? Cardano’s current DeFi stablecoin supply represents merely 10% of its TVL, significantly trailing behind Solana’s and Ethereum’s robust ecosystems, revealing a stark contrast in stablecoin adoption strategies.
According to CoinMarketCap, Cardano (ADA) trades at $0.64 with a market cap of $22.56 billion and a circulating supply of 35.36 billion ADA. Recent statistics indicate a 0.97% rise over 24 hours, a 3.23% decrease over 7 days, and a 19.36% decline over 30 days.
| | | --- | | DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |