#GateProofOfReservesReport

Gate Proof of Reserves Report

Confidence Through Transparency

In an industry defined by volatility, trust is built on one simple principle: verifiable backing of user assets. Gate’s latest Proof of Reserves update reflects a continued commitment to that principle, supported by strong over-collateralization and transparent on-chain verification mechanisms.

This report outlines the platform’s reserve structure, asset coverage, and risk buffers across major holdings.#

Strong Overall Reserve Position

Gate reports an overall reserve ratio of 115%, exceeding the commonly accepted 100% benchmark for full backing.

This indicates that platform reserves are not only sufficient to cover user liabilities but also maintain an additional safety margin designed to absorb unexpected market fluctuations.

Total reserves stand at $8.182 billion, distributed across nearly 500 digital assets, ensuring diversification and reduced concentration risk.

Core Asset Coverage

Bitcoin (BTC)

Bitcoin remains one of the largest components of platform reserves:

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

This surplus reflects a strong buffer above user liabilities, reinforcing liquidity strength.

Ethereum (ETH)

Ethereum reserves remain consistently well-supported:

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

The over-collateralization ensures stability across network demand cycles and market volatility phases.

Stablecoin Backing Stability

Stablecoins continue to play a critical role in liquidity and settlement operations.

USDT

- User Holdings: 1.418 Billion USDT
- Platform Reserves: 1.432 Billion USDT
- Coverage: Fully backed with minimal buffer

USDC

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

Both assets remain fully supported, ensuring reliable redemption and operational liquidity.

Rapid Growth in USD1 Exposure

One of the most notable developments in this reporting cycle is the sharp expansion in USD1 holdings:

- Previous Holdings: 6.82 Million USD1
- Current Holdings: 712 Million USD1
- Platform Reserves: 782 Million USD1
- Excess Coverage: 9.87%

This increase reflects strong user adoption and accelerating demand within the ecosystem.

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GUSD Reserve Strength

GUSD also shows significant over-collateralization:

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

This level of backing provides a substantial liquidity cushion and reinforces asset security.

Additional Asset Coverage

Key ecosystem assets continue to exceed required thresholds:

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

These metrics highlight consistent reserve discipline across multiple asset classes.

Verification Framework

Gate’s Proof of Reserves system leverages Merkle Tree cryptographic structure, allowing users to independently verify their inclusion in reserve audits without relying on centralized confirmation.

Users can access verification through the “My Audit” section or the dedicated Proof of Reserves interface.

This system enhances transparency by enabling direct user-level validation of asset backing.

Final Perspective

With $8.182 billion in reserves and a 115% overall reserve ratio, Gate maintains a strong financial position supported by over-collateralization across major assets and a transparent audit framework.

The structure reflects a focus on stability, accountability, and continuous reinforcement of user fund protection within a dynamic market environment.