Tether in talks with Big Four accounting firms for reserve audits

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Foresight News
2 days ago
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According to Reuters, as reported by Foresight News, Tether, the world's largest stablecoin issuer, is in talks with one of the Big Four accounting firms to advance its long-standing commitment to reserve auditing. Tether has issued over $140 billion in US dollar-pegged cryptocurrency, with the company claiming that each token is backed by US dollar-denominated assets. Currently, they only publish quarterly reports and have not completed a comprehensive audit. Tether CEO Paolo Ardoino did not disclose the specific accounting firm or audit timeline, stating: "This (audit) is our top priority."

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