Tether has hired one of the Big Four accounting firms to complete its first comprehensive audit
By: rootdata|2026/03/24 13:48:17
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According to Tether's official announcement, Tether has officially signed an agreement with one of the Big Four accounting firms to initiate its first complete independent financial statement audit in history. This audit is considered the largest initial audit in the history of financial markets, covering complex asset structures such as digital assets, traditional reserves, and tokenized liabilities. Currently, the market capitalization of USD₮ has exceeded 184 billion dollars, with over 550 million global users.
Tether stated that this audit aims to go beyond the "Attestation" standard commonly adopted in the industry, moving towards a complete audit to demonstrate that USD₮ is fully backed, has sufficient liquidity, and that risk management meets international top-tier standards. Tether CEO Paolo Ardoino stated, "Trust is built on actions, not promises, and this audit represents the results of years of systematic strengthening efforts."
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