Tether Seeks Big Four Audit Approval

Tether Seeks Audit from Big Four Accounting Firm

• Tether is in discussions with a Big Four accounting firm for a reserve audit.
• The specific firm among KPMG, Deloitte, EY, or PwC has not been named.
• Tether aims to enhance transparency of its dollar-denominated reserves.
• The company currently reports reserves quarterly instead of full audits.
• Approximately $143 billion worth of USDT is in circulation.

Tether CEO Paolo Ardoino emphasizes that obtaining a full audit is a top priority to improve transparency of their reserves, which currently undergo quarterly reporting. The company holds about $143 billion in USDT tokens.