Tether to Undergo First Full Financial Audit by Big Four Firm
- Tether plans its first comprehensive financial audit.
- The audit will involve one of the Big Four accounting firms: PwC, EY, Deloitte, or KPMG.
- CEO Paolo Ardoino emphasizes transparency amid regulatory scrutiny.
- Tether was fined $41 million by the CFTC in 2021 for misleading USDT reserve claims.
- Regulatory pressures and new rules like MiCA are influencing Tether’s operations.
Tether is set to undergo its first full financial audit with a Big Four firm, highlighting transparency as a priority following a $41 million CFTC fine in 2021 for misleading reserve claims.
Source (2.6)https://hodl.press/tether-to-undergo-audit-by-big-four-firm-report/?rand=24434
