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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
Ethena Labs launched the USDe Proof of Reserves system with participation from multiple institutions for verification.
According to Gate.io News bot, Ethena Labs officially announced the launch of the USDe Proof of Reserves system. This system was created and operated in collaboration with four organizations: Harris & Trotter, Chaos Labs, LlamaRisk, and Chainlink.
Proof of Reserves will be published weekly with verification results. The verification data sources include blockchain data, custodian information, and data provided by exchange partners, and will be independently reviewed by the aforementioned institutions. Ethena Labs also clearly states that the reserve fund assets are not included in the USD value calculation of the USDe backing assets.