#GateProofOfReservesReport

Gate Proof of Reserves Update: Strong Asset Security and Transparency

Overall Reserve Ratio Reaches 115%

Gate continues to demonstrate strong financial stability with an overall reserve ratio of 115%, significantly above the industry-standard safety benchmark of 100%. This means the platform holds more assets than are required to cover all user balances.

The total value of reserves has reached $8.182 billion, covering nearly 500 different digital assets. This additional reserve buffer helps protect users even during periods of high market volatility.

₿ Bitcoin Reserves Remain Strong

Bitcoin reserves continue to show healthy growth:

- User Holdings: 19,054 BTC
- Platform Reserves: 25,292 BTC
- Excess Reserve Ratio: 32.73%

Compared with the previous reporting period, user BTC holdings increased from 17,216 BTC to 19,054 BTC, reflecting continued user confidence and activity.

Ξ Ethereum Maintains Healthy Coverage

Ethereum reserves also remain well-backed:

- User Holdings: 344,935 ETH
- Platform Reserves: 423,960 ETH
- Excess Reserve Ratio: 22.91%

This level of over-collateralization provides an additional layer of protection for ETH holders.

Stablecoin Reserves Stay Secure

USDT

- User Holdings: 1.418 Billion USDT
- Platform Reserves: 1.432 Billion USDT
- Excess Reserve Ratio: 1.00%

USDC

- User Holdings: 89 Million USDC
- Platform Reserves: 117 Million USDC
- Excess Reserve Ratio: 30.75%

Both major stablecoins remain fully backed, ensuring strong liquidity and security.

USD1 Shows Explosive Growth

One of the biggest highlights of this report is the rapid growth of USD1:

- Previous Holdings: 6.82 Million USD1
- Current User Holdings: 712 Million USD1
- Platform Reserves: 782 Million USD1
- Excess Reserve Ratio: 9.87%

This remarkable increase reflects growing adoption and user demand.

GUSD Continues Expanding

GUSD also experienced substantial growth:

- User Holdings: 185 Million GUSD
- Platform Reserves: 319 Million GUSD
- Overcollateralization Ratio: 72.81%

The high reserve level provides a significant security cushion for users.

GT and XRP Maintain Strong Coverage

Other major assets also remain well above the 100% reserve standard:

- GT Reserve Ratio: 134.18%
- XRP Reserve Ratio: 116.92%

These figures further strengthen Gate's overall reserve position and commitment to asset security.

Transparent Verification Through Merkle Tree Technology

Gate's Proof of Reserves system uses Merkle Tree technology, allowing every user to independently verify that their assets are included in the reserve audit.

Users can:

- Visit the "My Audit" section and click "Details"
- Or go directly to the Proof of Reserves page to verify their assets

This transparent verification process helps ensure trust, accountability, and security across the platform.

Key Takeaway

With $8.182 billion in reserves, a 115% overall reserve ratio, and reserve coverage above industry standards for major assets, Gate continues to demonstrate strong financial transparency, robust risk management, and a commitment to protecting user funds.