Gate's latest total reserve ratio reaches 122% BTC reserve ratio continues to grow to 147%

According to an official announcement, Gate announced a new reserve report. Data shows that Gate's total reserve ratio reaches 122%, and reserves cover nearly 500 types of user assets. Gate always uses a verifiable mechanism to continuously protect user assets. It is worth noting that the size of BTC user assets is 17,216, and the corresponding platform holds 25,404 reserves. The BTC reserve ratio is as high as 147%, and the excess reserve ratio further increased from 40.69% to 47.56%. For other core assets, Gate also always maintains sufficient reserves. ETH user assets increased from 337,565 to 358,121, and platform reserves increased from 419,320 to 439,611, with an excess reserve ratio of 22.75%. In terms of stablecoins, the size of USDT user assets increased from 1.385 billion in the previous period to 1.451 billion, and the platform reserves were 1.477 billion, with the excess reserve ratio reaching 1.79%. The USDC user assets are 122 million, and the platform reserves are 134 million, with an excess ratio of 10.18%. The GUSD user assets are 108 million, and the platform reserves are 320 million, with an excess ratio of 196.5%. In addition, the reserve ratios of major assets such as GT and XRP are also significantly higher than the 100% reserve standard, reaching 136.84% and 116.54% respectively. Gate's latest reserve report shows that its core asset reserves are stable and provide solid support for the safety and stability of user funds.