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Up to now, the total trading volume exceeded $2 billion, with top trader trading volume nearing $200 million
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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
JD.com: Currently testing stablecoin within the Hong Kong Monetary Authority, expecting to launch in Q4.
According to Jin10, Liu Peng, CEO of JD Coin Chain Technology under JD Technology, recently stated that they are testing compliant stablecoins pegged to the Hong Kong dollar and other coins in the Hong Kong Monetary Authority's "sandbox," with plans to launch as early as the fourth quarter of this year, initially applying to settlement scenarios for JD Global Sales in Hong Kong and Macau.
Liu Peng pointed out that JD stablecoin will focus on the traditional cross-border trade market, and connect the real payment needs of Asia Pacific, the Middle East, Africa and other places with the advantages of compliance, security and auditability. On June 19, JD.com responded to reporters that the relevant statement was accurate, but there was a clear premise at the previous point in time: the specific timeline depends on the supervision, "We expect to be licensed at the beginning of the fourth quarter of this year, and at the same time launch JD stablecoin." JD stablecoin will be issued on the public chain, and anyone will be able to publicly access the issuance volume and other data. ”