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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
Bloomberg: Ant Group plans to apply for stablecoin licenses in Hong Kong and Singapore.
Gate News bot reports that informed sources reveal that Ant Group Co.'s international division is planning to apply for stablecoin licenses in Singapore and Hong Kong. According to informed sources, Ant International, headquartered in Singapore, will immediately apply for a stablecoin issuer license in Hong Kong after the Hong Kong "stablecoin regulations" take effect in August. It added that, in addition to Singapore, the company also plans to apply for a license in Luxembourg. Insiders say the move aims to strengthen the company's blockchain business to support its cross-border payment and fund management services. They stated that Ant Group processed over $1 trillion in global transactions last year, with one-third handled by its blockchain-based Whale platform.
All parties involved declined to comment.
Source: Bloomberg