According to Tether’s official announcement, Tether has signed an agreement with one of the Big Four accounting firms to initiate its first-ever comprehensive independent financial audit. This audit is regarded as the largest first-time audit in financial market history, covering complex asset structures including digital assets, traditional reserves, and tokenized liabilities. The market capitalization of USD₮ has now exceeded $184 billion, serving over 550 million users worldwide. Tether states that this audit aims to go beyond the industry-standard “attestation” approach and move toward a full audit, demonstrating that USD₮ is fully backed, sufficiently liquid, and managed with international-grade risk controls. Tether CEO Paolo Ardoino said, “Trust is built through actions, not promises—this audit represents the culmination of years of systematic strengthening.”
Tether Hires Big Four Accounting Firm for First Full Audit
TechFlowShare
Summary
Tether announced a partnership with a Big Four accounting firm for its first full independent audit. The review covers digital assets, traditional reserves, and tokenized liabilities. CEO Paolo Ardoino said the audit reflects years of system improvements and confirms that USD₮ is fully backed by strong liquidity and risk controls.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.