MEXC exchange announced October PoR: maintaining over 100% reserve proof, stablecoin reserves reach annual high

The cryptocurrency exchange MEXC announced its latest Proof of Reserve (PoR) report, showing that the reserve rates of major user assets, including USDT, USDC, BTC, and ETH, significantly exceed 100%, with the stablecoin reserve ratio reaching an annual high. (Background: MEXC Q3 report: New coin listings, security, and ecosystem growth continue to lead) (Background information: MEXC ranks first globally in BTC Futures Trading volume, attracting users with low-cost trading and high-yield fund management) (This article is an advertisement provided by MEXC, does not represent the position of BlockTempo, nor is it investment advice or recommendations to purchase or sell. See the end of the article for liability warnings.) Global leading cryptocurrency exchange MEXC revealed the highest stablecoin reserve ratio of the year in its October Proof of Reserve (Proof of Reserve, PoR) audit report. The USDT reserve increased from 113% in August to 118%, while USDC rose from 105% to 112%. Currently, the exchange holds $2.25 billion in USDT reserves, corresponding to $1.91 billion in user deposits—exceeding the amount required for full support by $343 million. The Bitcoin reserve maintains a coverage rate of 123% (supporting 3,231 BTC user balances with 3,978 BTC), while Ethereum remains at 103%. This bi-monthly audit conducted by an independent third party confirms that all user assets are sufficiently and over-collateralized supported, and the results can be verified on-chain. “Maintaining a PoR ratio of over 100% is not only about compliance, but also a symbol of trust,” said MEXC Chief Strategy Officer Cecilia Hsueh. “Our goal is to set a higher standard for the industry and ensure that user assets are always under a transparent, verifiable, and protected system.” This audit covers the four largest assets in MEXC user deposits. Since the implementation of bi-monthly audits as part of a transparency mechanism, the reserve ratio of all audited assets at the exchange has remained above 100%. MEXC publishes the results of its Proof of Reserve every two months, with each audit performed by an independent agency and verified on-chain. Between audits, users can also use real-time verification tools to confirm that their assets still have sufficient support. These results complement MEXC's existing security infrastructure, which includes the Guardian Fund (Guardian Fund) and ongoing reserve monitoring mechanisms. Since market turmoil exposed the reserves of several major platforms, reserve transparency has become an industry standard practice. About MEXC MEXC was established in 2018, aiming to be “Your Simplest Path to Cryptocurrency.” MEXC serves over 40 million users in more than 170 countries, known for its diverse selection of popular coins, frequent airdrop opportunities, and low trading fees. We have crafted a user-friendly platform that caters to both newbie traders and experienced investors, committed to providing a safe and efficient digital asset trading channel. MEXC focuses on convenience and innovation, making cryptocurrency trading more accessible and rewarding. MEXC Official Website｜X (Twitter)｜How to sign up for MEXC Risk Disclaimer The cryptocurrency-related information provided in this article does not represent the official position of MEXC or investment advice. Given the high volatility of the crypto market, investors should carefully assess market changes, project fundamentals, and potential financial risks before making trading decisions. Advertising Disclaimer: This content is an advertisement provided by the contributor, and the contributor has no relationship with BlockTempo; this article does not represent the position of BlockTempo. This article does not intend to provide any investment, asset advice, or legal opinions, and should not be regarded as an offer to buy, sell, or hold assets. Any services, plans, or tools mentioned in this advertising content are for reference only, and the final actual content or rules shall be subject to the publication or explanation by the contributor. BlockTempo is not responsible for any potential risks or losses that may exist, reminding readers to conduct their own due diligence before making any decisions or actions. Related Reports How to use MEXC exchange》Sign up, KYC verification, and exclusive offers for newbies A token launch guide for Solana builders: I found the only platform that does not play people for suckers USDT users exceed 500 million, Tether CEO: Covers 6.5% of the global population, the largest financial inclusion in history <MEXC exchange announced October PoR: maintaining over 100% proof of reserve, stablecoin reserve reaches annual high> This article was first published in BlockTempo, the most influential blockchain news media.