ChainThink reports that on March 25, according to Bloomberg, sources revealed that stablecoin issuer Tether Holdings SA has paused its $20 billion funding plan. The company is awaiting the results of its first comprehensive financial audit and may restart fundraising after the audit is completed.
During the financing process, potential investors and bankers continually urged Tether to improve financial transparency, yet some potential investors were still prepared to support the company before the audit results were released. Tether has currently hired an accounting firm to conduct an audit.
