I see Gate's reserve fund update, and my first impression is that the data is genuinely high, and it's not that kind of barely-passing-the-line safety—it's the kind with obvious buffer room. A 122% coverage ratio already puts it well ahead of industry benchmarks, but Bitcoin is directly pulled to 147%, which at this level basically tells the market: not just safe, but redundant and confident safety.
What I personally care about is the status of mainstream assets. Like Ethereum also has steady coverage added, representing it's not just focused on BTC for appearance. On the other hand, stablecoi
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