Reserve

Enhance

USDC

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In a groundbreaking revelation, OKX has bolstered its reserve stability, with the unveiling of its 14th&nbsp;<a href="https://www.okx.com/learn/okx-14th-proof-of-reserves" rel="noopener noreferrer nofollow">reserve certificate</a>, demonstrating an astounding $14.9 billion in user assets as of the snapshot taken on Dec. 13.&nbsp;
The pivotal aspect of this report centers on OKX's commitment to fortifying user-held XRP tokens with robust 103% coverage, ensuring a solid backing by the exchange's own reserves.
The assurance extends to an impressive 233.74 million XRP tokens, equivalent to a staggering $143.52 million in value. Remarkably, OKX's reserves in XRP surpass user funds by 7.673 million XRP, constituting a 4.7 million surplus.
Significantly, user positions in&nbsp;<a href="https://u.today/xrp-price-rally-ahead-new-hidden-technical-signal-is-here" rel="noopener noreferrer nofollow">XRP</a> on OKX have surged by 300,000 more than reserves since the last report, leading to a 1% drop in the reserve ratio.
<blockquote>
 📢 Hot Off The Press 📢We're proud to publish our December 2023 <a href="https://twitter.com/hashtag/ProofOfReserves?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ProofOfReserves</a> report showcasing 100% reserve ratios for 22 assets.This marks our 14th consecutive monthly PoR report 💪🏽Verify now: <a href="https://t.co/X3jfgXQAwY" rel="noopener noreferrer nofollow">https://t.co/X3jfgXQAwY</a> <a href="https://t.co/QTpx2N2Ymh" rel="noopener noreferrer nofollow">pic.twitter.com/QTpx2N2Ymh</a>— OKX (@okx) <a href="https://twitter.com/okx/status/1737382851857781050?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 20, 2023</a>
</blockquote>
The report also illuminates notable fluctuations in other digital assets, such as a substantial increase in holdings, including 3,496&nbsp;<a href="https://u.today/45k-remains-major-resistance-for-bitcoin-btc-bulls" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> and approximately 58,492&nbsp;<a href="https://u.today/solana-now-ahead-of-ethereum-in-dex-trading-volume" rel="noopener noreferrer nofollow">Ethereum (ETH)</a>. However, in the stablecoin realm, USDT experienced a decrease of 161.72 million in OKX Wallet assets, while USDC witnessed a decrease of 42.315 million.
While OKX stands out for its significant reserves, users are urged to recognize the centralized structure of exchanges. The age-old adage, "not your keys, not your crypto," underscores the importance of investors exercising prudence and caution, even as major exchanges bolster their reserve stability.

Millions of XRP Secured by Major Exchange to Enhance Reserve Stability

U_Today

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