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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
Circle has reached a partnership with Brazil's Matera and World, and the stock price has risen by 10%.
Gate News bot news, on Wednesday, stablecoin issuer Circle Internet Group partnered with Brazilian fintech company Matera to support multi-currency bank payments. Meanwhile, its flagship stablecoin USDC has also gone live on OpenAI CEO Sam Altman's World Chain. Circle Internet Group's stock price closed with a rise of 10.7%.
World Chain (formerly Worldcoin) announced on Wednesday that approximately 2 million users hold bridged USDC, which has now been upgraded to the native USDC directly issued by Circle.
The Cross-Chain Transfer Protocol of Circle has also been launched, which allows USDC to be quickly transferred between blockchains. World stated that users have been using USDC for remittances and using mini-programs on the network, which provide tools for payment and e-commerce.
Source: Cointelegraph