The Block: Gate Money integrates six major financial functions, bringing assets into daily life

According to the latest report from The Block, stablecoins are gradually blurring the boundaries between bank funds and on-chain assets, creating the possibility of connecting previously fragmented funding use cases. In this trend, Gate Money integrates services such as fiat accounts, crypto assets, payments, interest earning, and investments into the Gate App, focusing on six major scenarios: asset holding, receiving payments, making payments, exchanging, earning interest, and investing, allowing users to manage and use funds within the same account.

Users in eligible regions can open bank accounts within the App to receive and withdraw funds, as well as participate in investments in crypto assets and traditional assets like stocks. USDT balances can earn up to 3.6% interest without the need for locking. By linking existing products, Gate Money reduces the steps involved in cross-platform transfers, making the conversion between asset holding, earning income, and daily consumption smoother.

In terms of payments, Gate has announced a partnership with Visa to launch a crypto asset-linked card, allowing eligible users to apply for and manage the card through the Gate App, with related crypto assets automatically converted to fiat currency during consumption. In addition to card payments, Gate Money also supports payment methods such as Apple Pay and Google Pay, with ATM withdrawals and local QR code payments available in certain countries and regions.

Gate's Malta entity holds a Payment Institution (PI) license under the MiCA and PSD2 frameworks, providing compliance support for services related to crypto assets and payment accounts. The latest reserve data shows that Gate's total reserves are approximately $8.688 billion, with an overall reserve ratio of 118.49%, ensuring asset safety. Account services, payment networks, and compliance infrastructure are interconnected, paving a smoother path for the integration of digital assets into daily consumption and fund management.