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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.
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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
Billionaire shares three-word response amid Iran and Israel nuclear conflict
Billionaire shares three-word response amid Iran and Israel nuclear conflict originally appeared on TheStreet.
On June 18, stablecoin issuer Tether CEO Paolo Ardoino sparked a renewed debate over what constitutes a trustworthy store of value in today's unpredictable world.
In a post on X, Ardoino simply tweeted: "Bitcoin, Gold, Land. A stable story in 3 words." Ardoino's post stirred strong reactions from many in the crypto and investment communities.
Though there are only three words, Ardoino was making a comparison between three traditional safe-haven asset classes Ardoino framed Bitcoin alongside gold and land as the backbone of wealth preservation.
Critics and supporters alike countered that other distinctions existed between the three asset classes, especially in a digital age.
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Learn More Powered by Money.com - Yahoo may earn commission from the links above. "Gold will never become a standard medium of exchange—it's heavy, hard to transport, and impractical," an X user Franc Tameza wrote. "Land isn't portable at all... owning land ties you to a specific location, which contradicts the very idea of freedom."
The discussion has raised questions on traditional safe haven assets, especially in the backdrop of the current Israel-Iran conflict.
Additionally, items like gold and land are virtually impossible to transport (and often hard to access in the first place), whereas Bitcoin transcends borders.
Safe haven assets
The World Gold Council highlights the tangible utility of gold as a traditional hedge against inflation and currency devaluation. Real estate, although it experiences decoupled appreciation, is not portable and often becomes illiquid during crises. Bitcoin's limited supply, portability, and decentralized nature contribute to its acceptance as a digital version of gold.
Gold-backed stablecoin
Gold-backed stablecoins, such as Tether Gold (XAUT), provide the stability derived from physical gold and can also be treated as digital assets.
The value of each XAUT token is equivalent to one troy ounce of gold stored in vaults located in Switzerland, combining the centuries-old stability of gold value with the borderless convenience of blockchain transfers.
Billionaire shares three-word response amid Iran and Israel nuclear conflict first appeared on TheStreet on Jun 18, 2025
This story was originally reported by TheStreet on Jun 18, 2025, where it first appeared.
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