Tether has announced it will undergo its first full audit, partnering with one of the Big Four accounting firms. This audit, described as the largest first-time audit in financial market history, will cover Tether's complex asset structures, including digital assets, traditional reserves, and tokenized liabilities. The market capitalization of USD₮ has surpassed $184 billion, serving over 550 million users globally. Tether aims to demonstrate that USD₮ is fully backed and managed with international best-practice risk controls, moving beyond the industry-standard attestation. CEO Paolo Ardoino emphasized that trust is built through actions, not promises, highlighting the audit as a culmination of years of system strengthening.
Tether Engages Big Four Firm for First Comprehensive Audit
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