New Transparency Push for Tether With Major Financial Audit

Tether, the issuer of the world’s largest stablecoin, has announced plans to undergo its first full independent financial audit by a Big Four accounting firm. The move marks a major step for a company that has long faced scrutiny over its reserves and transparency.

According to the announcement, the audit will cover Tether’s full financial statements. This includes its mix of digital assets, traditional reserves, and tokenized liabilities. With USDT’s market value now above $184 billion and more than 550 million users worldwide, the scope of the review is expected to be one of the largest of its kind.

Until now, Tether has relied on periodic attestations. These reports…