Binance released its March proof of reserves yesterday. The proof shows that Binance's exchange balances have a ≥ 1:1 ratio compared to user-custodied assets, ensuring users can withdraw even in extreme situations. This report is published at the beginning of each month, and the latest data is as follows: ◦ BTC reserves: 631,480.651, ratio: 100.05% ◦ ETH reserves: 3,874,204.812, ratio: 100.00% ◦ SOL reserves: 25,287,898.327, ratio: 100.00% On page 6 of the website, for the first time, proof of reserves for two stablecoins, USD1 and U, has been added, aligning with the recent Launchpool policy (https://(x.com)/Sea_Bitcoin/status/2028457145965154804). The reserves are 4,011,140,876.975 and 112,338,143.547, respectively. Among them, USD1's total circulation is 4.595 billion, indicating that 87.25% of the circulation is held on Binance, which is related to USD1's sustained activity over the past month.