#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
Circle launches Refund Protocol, a non-custodial dispute resolution solution for stablecoin payments
According to official news, Circle announced the release of Refund Protocol, a smart contract that supports stablecoin payment non-custodial custody and on-chain dispute resolution, built for the composability and transparency of on-chain commerce, supporting lock-up periods, arbitrator-mediated refunds and early withdrawals based on off-chain protocols, which support on-chain dispute resolution and USDC payment refunds, There is no need for custody or trust from a centralized authority.