Tether, the world's largest stablecoin issuer, is in talks with a Big Four accounting firm to press ahead with its long-promised reserve audit. Tether, which has issued more than $140 billion worth of dollar-pegged cryptocurrencies, claims each token is backed by dollar-denominated assets and only publishes quarterly reports and has yet to complete a full audit. Paolo Ardoino, Tether's chief executive, did not disclose the firm or audit timeline under discussion, saying: "This [audit] is our highest priority."
Tether, which earlier this month appointed Simon McWilliams as its chief financial officer and is responsible for a comprehensive financial audit, is also strengthening its reserve transparency, purchasing more than $33.10 billion in US Treasury bonds in 2024, making it the seventh largest buyer of US Treasury bonds.
Tether is in talks with Big Four accounting firms about reserve audits
2025-03-21 19:57:18
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
Tether正与四大会计师事务所洽谈储备审计Next article：
美股三大指数小幅收涨
