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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
OpenPayd ties-up with Circle for managing fiat-stablecoin payments
Financial infrastructure provider OpenPayd has joined forces with Circle, issuer of the USDC stablecoin.
The collaboration combines traditional banking systems with blockchain networks, facilitating global business transactions
OpenPayd said that by using Circle Wallets infrastructure, it plans to offer its enterprise clients the ability to conduct transactions across various financial networks “at scale and in real time”.
The service will include the conversion between fiat currencies and USDC, aiming to enhance liquidity access, reduce settlement costs, and introduce new applications in payment processing, treasury operations, and digital asset services.
OpenPayd processes over €130bn annually and is expanding its capabilities to support transactions involving stablecoins.
The company's platform is designed to be indifferent to the underlying payment rails and offers an API-based integration for embedding financial services into client products.
Circle Partnerships & Business Development VP Sanja Kon said: “OpenPayd’s scale and deep infrastructure expertise make them an essential partner in expanding access to USDC and advancing real-world stablecoin utility. Together, we’re building the foundation for a more open, efficient, and inclusive global financial system.”
OpenPayd chief executive Iana Dimitrova stated: “Stablecoins will be foundational to the next era of financial services, and our partnership with Circle positions us, and our clients, at the centre of that transformation. By expanding access to USDC across our platform, we’re extending our vision of becoming the universal financial infrastructure for a truly digital global economy.”
Last month, SCRYPT, a Swiss-licensed crypto solutions provider, selected OpenPayd to support its Euro payment infrastructure.
"OpenPayd ties-up with Circle for managing fiat-stablecoin payments " was originally created and published by Electronic Payments International, a GlobalData owned brand.
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