#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
USDC Treasury burned 150 million USDC on the Ethereum chain.
Gate.io News bot message, according to real-time data from the on-chain monitoring platform Whale Alert, the USDC Treasury executed a burn transaction on the Ethereum blockchain network at 22:42 UTC+8, with a total of 150 million USDC stablecoins burned. Source: Wu Says.