According to Bijiie, MEXC's October reserve audit revealed that USDT coverage reached 118% (up from 113% in August), USDC coverage was 112% (up from 105% in August), with total reserves amounting to $2.25 billion against user deposits of $1.91 billion. Bitcoin reserves remained at 123%, and Ethereum reserves were 103%. The bi-monthly audit by an independent third party confirmed that all user assets are fully backed by over-collateralization and are verifiable on-chain.
MEXC's October Reserve Audit Shows Over 100% Coverage for Major Assets
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