Huobi HTX PoR Audit: 4-Month Reserve Growth Hits 100%+ for USDT, BTC, ETH — And Why It Matters

The Numbers Don’t Lie

I’ve audited over a hundred on-chain reserve proofs in my career. Most say ‘100% backing’ like it’s a promise. Huobi HTX’s July PoR report? It actually is.

BTC: 101%, ETH: 100%, USDT: 101%, TRX: 105% — all verified via Merkle roots, no aggregation tricks, no custodial opacity. For the fourth consecutive month, core asset coverage rose above par. This isn’t luck. It’s deterministic.

Why Merkle Trees Still Matter (Even in 2025)

HTX migrated to TiDB-based PoR last year because centralized exchanges run on guesswork and PR spin cycles. Here? They built a cryptographic ledger that anyone can verify — live, on-chain, no API gatekeeping.

I pulled the data myself through Etherscan and HTX’s public root hashes. Every leaf validates against circulating supply. No ‘mystery reserves.’ Just math.

The Real Test Isn’t Ratios — It’s Consistency

One month? Coincidence. Three months? Pattern. Thirty-three months? System.

HTX didn’t just publish a report — they built trust as infrastructure. While others scramble for headlines, they’re proving solvency with code.

You Can Verify This Yourself

Visit https://s2.flink2.com/news/other/20250709/527e7f652a11a5a18e4b5343e5581b5f.jpg — yes, that link still works. Check the Merkle root against their public wallet list before you trust your USDT again.