In terms of core assets, BTC user assets increased from 17,216 units in the previous period to 19,054 units, corresponding to platform-held reserves of 25,292 units, with an excess reserve ratio of 32.73%. ETH user assets were 344,935 units, corresponding to platform-held reserves of 423,960 units, and the excess reserve ratio increased to 22.91%. For stablecoins, USDT user assets totaled 1.418 billion units, with platform reserves of 1.432 billion units, and the excess reserve ratio was 1.00%. USDC user assets were 0.89 billion units, with platform reserves of 1.17 billion units, and the excess ratio was 30.75%. USD1 user assets increased from 6.82 million units in the previous period to 712 million units, with platform reserves of 782 million units, and the excess ratio was 9.87%. GUSD user assets further increased from 1.08 billion units in the previous period to 1.85 billion units, with platform reserves of 3.19 billion units, and the excess ratio was 72.81%.