Tether Engages Big Four Firm for Comprehensive Audit to Enhance Transparency​

Tether Engages Big Four Firm for Comprehensive Audit to Enhance Transparency​

In an effort to confirm that its USDT stablecoin is backed at a 1:1 ratio with the US dollar, stablecoin issuer Tether is actively working with one of the Big Four accounting firms to perform its first comprehensive financial audit. This action resolves long-standing industry worries about Tether's reserve sufficiency and transparency. ​ Changes in Leadership and the Audit Initiative Paolo Ardoino, the CEO of Tether, stressed that obtainin...

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