The audit aims to address long-standing questions over USDT reserves and push new disclosure standards. Tether has hired a Big Four accounting firm to conduct its first full financial statement audit of the reserves backing its $184 billion USDT stablecoin. The company, which has previously released only periodic attestations, said the audit will involve a detailed review of its assets, liabilities, controls and reporting systems. Tether did not name the firm but said it was chosen through a co…
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