Global cryptocurrency exchange MEXC has achieved its highest stablecoin reserve ratios ever this year according to its October Proof of Reserve (PoR) audit. The exchange reported that reserves for USDT increased to 118%, up from 113% in August, while USDC reserves climbed from 105% to 112%. These impressive figures, which stand at $2.25 billion in USDT reserves against just $1.91 billion in user deposits, show an excess of $343 million in backing. Bitcoin reserves maintained a 123% coverage (3,978 BTC backing 3,231 BTC in user balances), while Ethereum stood at a 103%. This bi-monthly audit, performed by an independent third party, confirms that all user assets remain fully backed with substantial collateralization. These results are publicly verifiable on the blockchain.