Gate Reserve Report: Total Reserves Rise to $8.215B, Coverage 127%

Reserve attestations are increasingly functioning as a competitive signal among exchanges, and the headline number here matters less than the composition: BTC and ETH buffers sit well above the stablecoin ratio, which is the thinner cushion of the three. The 127% aggregate is a snapshot as of a single date, not a guarantee of future solvency, and the report does not indicate who performed the attestation or whether liabilities were independently verified. The open question is whether coverage holds if user stablecoin balances grow faster than the harder-to-acquire assets backing them.