Tether seeks Big Four firm for its first full financial audit

Latest Is Tether About to Silence the Doubters Once and for All? in Cryptocurrency - Doulitsa Press Release Submission

By Mark Hunter 11 hours agoMon Mar 24 2025 10:14:00 Reading Time: 2 minutes Tether has said it is engaging with a Big Four accounting firm to pursue a full audit of its reserves The move follows increasing pressure for transparency around stablecoin backing CEO Paolo Ardoino has said the process is now “actually feasible” under the current U.S. administration   Paolo Ardoino, CEO of Tether , the company behind the world’s largest stablecoin USDT…

Key points of the News Tether is negotiating with one of the world’s top four audit firms (PwC, EY, Deloitte or KPMG) to achieve a complete and independent audit of their USDT reserves. CEO Paolo Ardoino points out that the regulatory environment in the US under Donald Trump’s leadership is now more favourable to carry out this audit. The company has strengthened its team and strategic partnerships to improve transparency, including an alliance …

Tether Seeks First-Ever Full Audit From The Big Four

Tether, the issuer of the world’s largest stablecoin (USDT), is actively pursuing its first comprehensive audit with the big four accounting firms—KPMG, PwC, Deloitte, and EY.  “If the President of the US says this is a top priority for the US, Big Four auditing firms will have to listen, so we are very happy with that,” said Paolo Ardoino, CEO of Tether. According to a Reuters report dated 24 March 2025, Ardoino said transparency and the audit …

Tether Plans Big Four Audit of Reserves as Trump Prioritises Crypto

Tether, the issuer of the USDT stablecoin, plans to audit its asset reserves and is seeking a Big Four accounting firm for the process. The Big Four—PwC, Ernst & Young, Deloitte, and KPMG—are among the potential candidates, though CEO Paolo Ardoino has not yet disclosed which firm Tether has approached. The audit aims to enhance transparency between the company and the Tether community.Ardoino, in an interview with Reuters, said that its reserve…

Tether has begun planning a reserve audit. This step could contribute to increased transparency and trust. Read more: USDT Issuer Tether Takes Big Step: Will Make Deal with One of 4 Giant Companies

Even more bad news for Tether as US passes GENIUS Act

As of March 13, the U.S. Senate Banking Committee passed the GENIUS Act, meaning it will now be debated fully by the Senate. The post Even more bad news for Tether as US passes GENIUS Act appeared first on CoinGeek.