In terms of core assets, BTC user asset scale increased from 17,216 coins in the previous period to 19,054 coins, with the platform holding a reserve of 25,292 coins, resulting in an excess reserve ratio of 32.73%; ETH user assets totaled 344,935 coins, with the platform holding a reserve of 423,960 coins, and the excess reserve ratio rose to 22.91%. In terms of stablecoins, USDT user asset scale was 1.42B coins, with the platform reserve at 1.43B coins, an excess reserve ratio of 1.00%; USDC user asset scale was 89 million coins, with the platform reserve at 117 million coins, an excess ratio of 30.75%; USD1 user asset scale increased from 6.82 million coins in the previous period to 712 million coins, with the platform reserve at 782 million coins, an excess ratio of 9.87%; GUSD user asset scale further increased from 108 million coins in the previous period to 185 million coins, with the platform reserve at 319 million coins, an excess ratio of 72.81%.