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- 🏁 Gate Red Bull Racing Tour 2025 In Full Swing!
Up to now, the total trading volume exceeded $2 billion, with top trader trading volume nearing $200 million
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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
Hong Kong stock stablecoin concept stocks collectively pump, Huaxing Capital Holdings once rose over 16%.
Gate News bot message, after the Hong Kong stock market opened, stablecoin concept stocks showed a collective rise. Among them, Huaxing Capital Holdings had the most significant increase, soaring over 16% at one point. Lianyi Rong Technology followed closely, with an increase of over 9%. Lianlian Digital and China Everbright Holdings also rose nearly 5% and 4% respectively. This trend is closely related to the recent policy developments of the Hong Kong SAR Government. On 6 June, the Government published the Stablecoins Ordinance (Commencement) Notice in the Gazette, specifying that the Stablecoins Ordinance (Cap. 656) will come into operation on 1 August 2025. The next day, Hong Kong's Secretary for Financial Services and the Treasury Hui Zhengyu said in a radio program that stablecoins are based on fiat currencies and can be used for payment functions in the form of electronic assets through blockchain and other technologies in the future.