Tether Engages Big Four Firm For First Full Independent Audit

Tether, the issuer of the USDT stablecoin with a market capitalization exceeding $184 billion, has engaged a Big Four accounting firm to conduct its first full independent audit.

The company said the audit will cover its full financial statements, moving beyond the periodic attestations that have been standard practice across the stablecoin sector.

The review is expected to examine Tether's reserves, liabilities, and internal controls at a level of scrutiny typically associated with large global financial institutions.

By engaging a Big Four firm, Tether is stepping into a more rigorous reporting framework that could provide greater visibility into how its reserves are structured and managed.