Tether Engages Big Four Firm for Independent Audit
- Tether is in discussions with a Big Four accounting firm for an independent audit.
- The company is based in El Salvador and mints stablecoins backed by assets like gold and dollars.
- USDT, Tether’s main product, is the most-traded cryptocurrency and third largest by market cap.
- USDT operates on blockchains such as Ethereum, Solana, Tron, and soon Bitcoin.
- Tether faced past criticism for lack of transparency regarding its token reserves.
Tether is actively seeking an independent audit from a top accounting firm to address transparency concerns about its USDT stablecoin reserves.
Source (2.6)https://decrypt.co/311109/tether-engaging-with-big-4-accounting-firm-report?rand=52368
