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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
Shopify launches USDC payment feature through Base chain
Gate News bot news, Shopify is launching support for USDC payments, allowing consumers to pay with stablecoins through Shopify Payments and Shop Pay.
This feature is launched on the Base blockchain, starting with an early experience this week, and will expand to more merchants in the coming months.
According to Shopify CEO Tobi Lütke, this integration is supported by a brand new smart contract payment protocol designed specifically for e-commerce.
The system allows customers to pay using Circle stablecoin USDC, while merchants by default receive payments in the local fiat currency unless they choose to retain USDC directly.
Stripe supports backend integration, helping Shopify abstract the complexity of cryptocurrency payments from the merchant experience. Lütke also pointed out that the platform will support buyer incentives in the future, such as a 1% cash back on USDC transactions.
Source: CryptoSlate