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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
Tether Makes Strategic Investment by Acquiring 30% Stake in Be Water, an Italian Media Company
Tether, a leading stablecoin provider, has made a significant investment of $10 million in the decentralized finance (DeFi) platform, Be Water. This move reflects Tether’s interest in expanding its presence in the rapidly growing DeFi space.
The investment from Tether will provide Be Water with the necessary resources to further develop its platform and increase its offerings to users. Be Water aims to revolutionize the DeFi industry by offering innovative financial products and services that are accessible to a global audience.
Tether’s decision to invest in Be Water showcases its commitment to supporting projects that have the potential to reshape the traditional financial landscape. By backing Be Water, Tether is demonstrating its belief in the transformative power of DeFi and its ability to democratize finance.
This partnership between Tether and Be Water is expected to drive innovation in the DeFi space and create new opportunities for users to participate in decentralized finance. With Tether’s backing, Be Water is well-positioned to become a leading player in the DeFi ecosystem.
Overall, Tether’s investment in Be Water highlights the growing interest and investment in the DeFi sector. As DeFi continues to gain traction and evolve, partnerships like these will play a crucial role in shaping the future of finance.
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