Tether Secures 'Big Four' Audit for USDT After Years of Scrutiny
Tether Secures 'Big Four' Audit for USDT After Years of Scrutiny
Tether, the issuer of the leading stablecoin USDT, has finally announced that it has engaged a 'Big Four' accounting firm to conduct an independent audit. This development addresses a long-standing demand for increased transparency and financial verification, a point of contention for the company despite USDT's massive market capitalization exceeding $184 billion and its role as a dominant liquidity layer.
For years, the shortest line of attack against Tether was the demand for a full independent audit. The audit never came, and the company absorbed the reputational cost without visible damage to its position. USDT crossed $184 billion in market capitalization, reached more than 550 million users, and became the dominant liquidity layer across global markets.