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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
Trump Urges ‘Lightning Fast’ House Passage of Stablecoin Bill After Senate Approval - Unchained
President Donald Trump on Wednesday night called on the House of Representatives to quickly pass the GENIUS Act, the major stablecoin bill that cleared the Senate earlier this week, voicing strong support for what he called an “incredible Bill.”
In a post on Truth Social, Trump urged the House to move “LIGHTNING FAST” so he could sign the bill into law. He praised the legislation as a step toward making the United States the “UNDISPUTED Leader in Digital Assets,” and warned lawmakers against making any changes, writing, “NO DELAYS, NO ADD ONS.”
This story is an excerpt from the Unchained Daily newsletter.
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The Senate passed the Guiding and Establishing National Innovation for U.S. Stablecoins Act — or GENIUS Act — on Tuesday in a 68–30 bipartisan vote. The bill would create the first federal regulatory framework for stablecoins, requiring full reserve backing, monthly audits, and compliance with anti-money laundering laws.
It also authorizes a broad range of issuers — including banks, payment firms, and even retailers — to offer stablecoins under federal oversight.