#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
Stable Coin expert Austin Campbell has been appointed as the CEO of WSPN USA, to promote the innovation and expansion of Stable Coin.
On October 25th, Stable Coin project WSPN announced the appointment of Stable Coin and digital asset market expert Austin Campbell as the CEO of the company's US region, with the goal of making WUSD the leading solution in the emerging Stable Coin 2.0 field. As the CEO of the US region, Mr. Campbell will lead the promotion of WUSD adoption, optimize finance and risk management, improve user experience, and expand strategic partnerships. It is reported that Mr. Campbell is a senior expert in the Stable Coin field. He has managed stable value products at JPMorgan and Citibank, and has managed reserve funds and risk control for Stable Coin (BUSD, USDP) during his time at Paxos. He also participated in the design of Stable Coin PYUSD. Mr. Campbell has accumulated rich professional knowledge and industry experience in Stable Coin mechanisms, digital asset trading, and Risk Management.