Crypto
Tether Completes Big Four Audit of $180 Billion Stablecoin
Tether has announced that it has completed its 'Big Four' audit of the finances behind its $180 billion USDT stablecoin.
The audit was a long-promised transparency measure aimed at reassuring investors and regulators about the stability of the largest stablecoin in circulation.
According to Tether, the audit was conducted by PwC, one of the 'Big Four' accounting firms, and confirms that USDT's backing assets are sufficient to cover its outstanding supply.