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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
JPMorgan Chase and major banks in America are considering the issuance of stablecoin.
JPMorgan Chase along with major American banks such as Bank of America, Wells Fargo, and Citi are discussing the issuance of a common stablecoin to compete with USDT and USDC.
Although it is only in the early stages, this move shows that the banking industry does not want to stay out of the stablecoin wave. However, JPMorgan is skeptical about the forecast of 4x growth of the stablecoin market in the next 2 years, saying that it is too optimistic. The main reason is the legal restrictions in the US GENIUS and STABLE bills, which prohibit profitable stablecoins. The banking industry opposes this to protect traditional yielding products. Currently, payment stablecoins may only account for 7–8% of the crypto market. However, profitable stablecoins such as BUIDL or BENJI still have strong growth potential if the new law is passed by the end of 2025.