Tether taps Big Four firm for audit, after years of infamous vagueness
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Tether, the world's largest stablecoin, is pursuing a Big Four accounting firm audit after years of avoiding transparency. The company has grown to $120 billion in assets, primarily in U.S. Treasurys, and is used globally for both legitimate and potentially illicit financial transactions. CEO Paolo Ardoino claims improved regulatory environment under Trump's policies will facilitate the audit.
March 21, 2025 | 10:30 pm
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Tether's potential audit could bring increased transparency to its operations, potentially impacting its global usage and market perception.
The potential audit could significantly impact Tether's credibility. While it might bring more transparency, the complex global usage and potential regulatory scrutiny could create market uncertainty.
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IMPORTANCE 90
RELEVANCE 100