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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
Dutch ING Bank collaborates with multiple parties to develop a new stablecoin project
According to the Gate.io News bot and COINDESK, ING( of the Netherlands International Group ) is collaborating with Financial Institutions and Crypto Assets companies to develop a new stablecoin.
The project is led by ING Bank and is currently in the development stage. As one of the largest Financial Institutions in Europe, ING Bank's foray into the Crypto Assets field demonstrates the exploration of blockchain technology by traditional financial institutions.
Reports indicate that this is ING's first foray into the stablecoin development field, with the project bringing together multiple forces from traditional finance and the crypto assets industry.