#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
The Plasma project is set to launch its Mainnet at the end of summer.
On June 20, Decrypt reported that Plasma was preparing to launch its mainnet, a blockchain optimized for stablecoins, in late summer. Plasma founder and CEO Paul Faecks said the blockchain will support "the largest stablecoin" at launch, based on its internal data. Faecks added, "We're building a blockchain that will be the best product for moving stablecoins from point A to point B. Everything around it has to serve that goal, otherwise it's not worth doing for us."