💥 Gate Square Event: #PostToWinCGN 💥
Post original content on Gate Square related to CGN, Launchpool, or CandyDrop, and get a chance to share 1,333 CGN rewards!
📅 Event Period: Oct 24, 2025, 10:00 – Nov 4, 2025, 16:00 UTC
📌 Related Campaigns:
Launchpool 👉 https://www.gate.com/announcements/article/47771
CandyDrop 👉 https://www.gate.com/announcements/article/47763
📌 How to Participate:
1️⃣ Post original content related to CGN or one of the above campaigns (Launchpool / CandyDrop).
2️⃣ Content must be at least 80 words.
3️⃣ Add the hashtag #PostToWinCGN
4️⃣ Include a screenshot s
DefiLlama Founder: Tether holds $7.8 billion in Bitcoin reserves, stability capability better than USDC
According to the Gate.io News bot, as reported by Wu Shuo, 0xngmi, the founder of DefiLlama, disclosed that Tether currently holds $7.8 billion in Bitcoin reserves, which gives it the ability to quickly stabilize in the event of a stablecoin de-pegging. In contrast, Circle (USDC) mainly holds its assets in banks.
In response to user criticism that Circle lobbied the EU to exclude USDT, leading to the introduction of the MiCA bill, 0xngmi pointed out that Tether still has unfinished compliance matters.
ZachXBT, the on-chain detective, further pointed out that the requirement in the MiCA bill for issuers to deposit 60% of their reserves into EU banks is problematic, as this requirement imposes additional risks on the issuers.