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Crypto

Tether Receives Clean Audit Opinion Amid Price Stability

Guavy AI Editorial Team
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BTC ETH USDT
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Tether, a widely-used stablecoin, has completed its first full financial audit. The audit was conducted by KPMG, a global accounting firm, and received a clean opinion.

The audit is significant for Tether as it aims to increase transparency and trust among investors. Tether USDT is one of the largest stablecoins in circulation, with a market capitalization of over $187 billion.

The news comes after Russia's central bank allowed the trading of Bitcoin, Ethereum, and Tether on local exchanges, which may have contributed to Tether's price stability at around 18,700,000 Iranian rials or approximately $12.50 USD.

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