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Tether (USDT) Says It Selected a 'Big Four' Firm for Its First Audit

Tether hired a Big Four firm to audit its $184 billion stablecoin reserves, enhancing transparency after years of regulatory scrutiny and criticism.

  • On Tuesday, Tether announced it has engaged a Big Four accounting firm to conduct its first full audit of the $184 billion stablecoin USDT.
  • Tether has long faced criticism over transparency and whether its stablecoins are fully backed by reserves, prompting this move toward external validation.
  • "Tether's mission has always been to build trust through action, not promises," CEO Paolo Ardoino said, as the firm selected a Big Four partner through a competitive process.
  • Since President Donald Trump took office, Tether has benefited from more lenient regulation in Washington and recently launched USAT, a stablecoin designed to be compliant with U.S. regulations.
  • Five years ago, regulators fined the company $41 million for falsely claiming its stablecoins were fully backed by fiat currencies; three years later, the Department of Justice investigated it for sanctions violations.
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tether.io broke the news in on Tuesday, March 24, 2026.
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