Gate.io’s Robust Reserves Highlight Growing Confidence in USDT and Crypto Markets
Gate.io’s latest proof of reserves audit, dated May 8, 2025, underscores the exchange’s strong financial position with total holdings of $10.865 billion. The reserve ratio stands at an impressive 128.57%, indicating $2.415 billion in excess reserves beyond user liabilities. Notably, Bitcoin reserves show exceptional strength with a 137.69% coverage ratio, reflecting a net addition of 2,802 BTC since the last reporting period. Ethereum and Tether (USDT) reserves also demonstrate significant growth, further solidifying Gate.io’s position as a trusted custodian in the cryptocurrency ecosystem. This development not only reinforces investor confidence in the platform but also highlights the broader market’s resilience and maturity. The substantial reserve coverage, particularly for stablecoins like USDT, serves as a bullish indicator for the crypto finance sector, suggesting heightened institutional trust and liquidity preparedness in the digital asset space.
Gate.io Discloses $10.9B in Reserves with 128.57% Coverage Ratio
Gate.io’s latest proof of reserves audit reveals robust financial health, with total holdings reaching $10.865 billion as of May 8. The exchange maintains a 128.57% reserve ratio, holding $2.415 billion in excess reserves beyond user liabilities.
Bitcoin reserves show particular strength at 137.69% coverage, with 2,802 BTC added since the last reporting period. ethereum and Tether also demonstrate growth, with ETH reserves up 188,563 tokens (121.36% ratio) and USDT increasing by 441 million (102.63% ratio).
The platform’s native GT token leads reserve ratios at 178.50%, while other major assets including Doge (109.19%) and XRP (116.72%) all exceed the 100% benchmark. Gate.io emphasizes its commitment to transparency through continuous upgrades to its reserve audit technology.
Kima Integrates Mastercard’s Sandbox for Real-Time Stablecoin Payments
Kima Network has partnered with Mastercard to enable real-time stablecoin top-ups for prepaid cards. The integration allows users to load USDC and USDT from self-custody wallets across 10+ blockchains, bridging crypto liquidity with traditional payment rails.
Mastercard’s sandbox adoption signals growing institutional recognition of stablecoins as a settlement layer. The collaboration unlocks access to 200,000+ ATMs and millions of merchants globally, creating seamless fiat off-ramps for digital assets.
XRP Briefly Surpasses USDT in Market Cap Amid 100% Trading Volume Surge
XRP overtook Tether’s USDT as the third-largest cryptocurrency by market capitalization following a 100% surge in daily trading volume. The rally comes days after the SEC settled its high-profile case against Ripple Labs, though the timing of the volume spike suggests other factors may be at play.
Market data shows XRP’s capitalization approaching $150 billion as traders flood into the asset. The volume-driven milestone is particularly notable given the simultaneous expansion of the stablecoin sector, where USDT typically dominates liquidity metrics.
Price charts reveal sustained bullish momentum since the legal resolution, with the token outperforming most top-tier assets this week. Analysts are scrutinizing whether the activity reflects speculative positioning or fundamental reevaluation of XRP’s utility in cross-border payments.
