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- #Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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#GateRedBullRacingTour# - 📢 Gate releases its latest Reserve Audit Report!
💰 Total reserves: $10.453B
🟢 Excess reserves: $1.96B — ensuring full coverage and extra security for user assets.
Gate continues to uphold 100% proof-of-reserves and full transparency.
🔗 Read the full report: https://www.gate.com/zh/announcements/article/45617
The U.S. Senate passed the GENIUS stablecoin bill; compliant stablecoins will become a layer of Internet Currency.
[Chain News] On June 18, it was reported that Canaccord Genuity, in a research report released on June 18, pointed out that with the U.S. Senate passing the "GENIUS Stablecoin Act", compliance stablecoins will become the "Internet Currency layer". Analysts believe that the passage of this bill eliminates regulatory uncertainty, allowing stablecoins to break through the limitations of encryption trading pairs and gain wider application scenarios.
The report emphasizes that compliant stablecoins have essentially been regarded as cash equivalents by the U.S. government, and their instant settlement and low-cost characteristics will enhance the efficiency of capital flow. Full reserve requirements will make stablecoins an important source of demand for short-term U.S. Treasury securities, while also promoting the dollarization process of the global economy. Analyst Joseph Vafi's team believes this marks the arrival of the era of programmable currency.