#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
The XRP Ledger is about to launch the XAO DAO to adopt Decentralization governance.
PANews June 19 news, according to Cointelegraph, the XRP Ledger will adopt decentralized governance through the upcoming XAO DAO, which is its first community-led organization aimed at utilizing the XRP Token to drive proposals, funding, and on-chain decision-making.