Tether has engaged a Big Four accounting firm to conduct a massive independent financial audit.
The company says the audit will cover reserves backing its USDT stablecoin, which holds a market capitalization of more than $184 billion and serves over 550 million users worldwide.
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Tether describes the review as one of the largest inaugural audits in the history of financial markets.
It will examine a complex mix of digital assets, traditional reserves, and tokenized liabilities, along with internal controls, financial reporting and overall operations.
Says Tether CEO Paolo Ardoino,
“Tether’s mission has always been to build trust through action, not promises. Trust is built when institutions are willing to open themselves fully to scrutiny.
This audit represents years of work to strengthen our systems so that Tether can meet the highest standards applied in global finance. For the hundreds of millions of people and businesses who rely on USD? every
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