Tether Engaging With Big 4 Accounting Firm: Report
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Tether, the stablecoin giant, is in discussions with a Big Four accounting firm to conduct an independent audit of its reserves. This comes after years of regulatory scrutiny and criticism about the transparency of its USDT stablecoin's backing. The company, now based in El Salvador, aims to provide more clarity on its asset reserves.
March 21, 2025 | 8:00 pm
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POSITIVE IMPACT
Potential independent audit could improve market confidence in Tether's USDT stablecoin, potentially stabilizing its value and market perception.
An independent audit would address long-standing concerns about Tether's reserve backing, potentially increasing investor confidence and stabilizing USDT's value.
CONFIDENCE 75
IMPORTANCE 85
RELEVANCE 100