Tether Undergoes Massive Independent Audit by Big Four Accounting Firm
Tether Undergoes Massive Independent Audit by Big Four Accounting Firm
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Tether, the issuer of the USDT stablecoin with a market capitalization exceeding $184 billion, has engaged a Big Four accounting firm to conduct a significant independent financial audit. This extensive review aims to cover the reserves backing USDT, signaling a move towards enhanced transparency for the widely used stablecoin.
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. Tether describes the review as one of the largest inaugural audits.