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reserves

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Gate's latest reserve report: Overall reserve ratio increased to 117%, core asset reserves continue to rise

According to the official announcement, Gate has released the latest reserve report. As of July 27, 2026, the overall reserve coverage of the platform reached 117%, significantly higher than the industry safety benchmark of 100%. The reserves cover nearly 500 different types of user assets, continuously ensuring the security of user assets through verifiable mechanisms. Among them, the reserve scale of core assets continues to grow.The BTC user asset scale increased from 19,054 to 21,557, corresponding to a platform-held reserve of 26,775, with an excess reserve ratio of 24.2%; the ETH user assets grew from 344,935 to 374,348, with the corresponding platform-held reserves also increasing from 423,960 to 456,798, resulting in an excess reserve ratio of 22.02%.In terms of stablecoins, the total user assets of USDT, USDC, USD1, and GUSD amounted to 1.336 billion, corresponding to a total platform reserve of 1.59 billion, with a comprehensive reserve ratio of 118.97% and an excess reserve ratio of 18.97%, reflecting the platform's emphasis on the security of user assets and its ability to maintain sufficient liquidity.In addition, the reserve ratios for major assets such as GT and XRP are also significantly above the 100% reserve standard, reaching 131.13% and 116.5%, respectively. Gate's latest reserve report shows that its core asset reserve scale remains robust, providing strong assurance for the safety of user funds and the stability of platform operations.

first_img Tether USDT faces a two-year compliance countdown, with about 25% of reserves potentially not meeting standards

On the first anniversary of the signing of the GENIUS Act, the prospects of Tether USDT in the U.S. market face uncertainty. The act has a three-year compliance grace period, with about two years remaining, after which non-compliant stablecoins will not be able to trade on U.S. crypto platforms.According to Tether's latest disclosure, about 25% of USDT reserves are still allocated to assets such as precious metals, loans, and Bitcoin, which do not meet the requirements of the GENIUS Act. The act requires issuers to fully back their stablecoins with high liquidity assets such as cash and U.S. Treasury bonds. Tether CEO Ardoino promised compliance last year, and the company has launched the USAT stablecoin for the U.S. market through Anchorage Digital this year, but usage remains low.There is a divergence in the legal community regarding the compliance timeline for foreign issuers. Some lawyers believe that foreign issuers must immediately comply with freezing and seizure orders when the act takes effect (expected next January), but they have about two years to meet the remaining requirements. The policy director of Anchorage Digital stated that institutional users will transition to compliant stablecoins before the 2028 deadline. Currently, federal regulators have not finalized the implementation details of the GENIUS Act, and companies have no specific regulations to follow. Tether has not responded to CoinDesk's request for comments on compliance progress.
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