eicker.crypto 🧠 crypto newsTether, the issuer of the largest stablecoin USDT with 184B USD market cap, has hired a Big Four firm for its first full audit. The move follows years of criticism over transparency - previously Tether only provided quarterly attestations. In 2021, the CFTC fined Tether 41M USD over misleading claims about USD backing. https://thedefiant.io/news/regulation/tether-engages-big-four-firm-for-first-full-audit #Blockchain #Crypto #Stablecoins #Tether
Tether Engages Big Four Firm for First Full Audit
Tether announced on Tuesday that it has engaged a Big Four accounting firm to conduct what the firm says is its “first full independent financial statement audit.” The issuer of USDT, the largest stablecoin by market cap with over $184 billion, did not name which specific firm would conduct the audit, and described it as potentially the largest inaugural audit in financial markets history.