#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
Stripe is expanding its encryption product to Aptos, and the stablecoin USDC from Circle will be launched on Aptos
According to CoinDesk on November 21st, Aptos Ecosystem Development Organization revealed that payment company Stripe is expanding its encryption product to Layer1 blockchain Aptos, and stablecoin issuer Circle plans to introduce its flagship stablecoin USDC to the network. So far, USDC has only existed on the network in the form of the bridge version. The stablecoin company will also add Aptos to its Cross-Chain Interaction Transmission Protocol (CCTP), which is a tool to help USDC transfer between different blockchains. This will help Aptos better connect with Decentralized Finance (DeFi) applications. Stripe will provide cryptocurrency access services on Aptos, aimed at helping merchants transfer funds between traditional payment systems and blockchain. Users will be able to convert government issuance currency into USDC directly through the enabled Cryptocurrency Wallet on Aptos.