Tether Completes First Full Financial Audit with Clean Bill of Health
Tether has completed its first full financial audit and received a clean bill of health. The audit, which was conducted by an independent third-party, found no discrepancies in Tether's reserves.
The audit is a significant development for the stablecoin, as it aims to provide transparency and trust to investors who hold USDT (Tether). Tether has faced criticism in the past over its lack of transparency regarding its reserves.
According to the source, the Russian government has allowed Bitcoin, Ethereum, and Tether trading on exchanges. This move is seen as a positive sign for the cryptocurrency market, which has been impacted by various regulations and restrictions.