Tether CEO says full audit by ‘Big Four' firm is ‘top priority' following new CFO hire: Reuters
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Tether's new CEO Paolo Ardoino announced the company's commitment to obtaining a full audit from a Big Four accounting firm, following the appointment of new CFO Simon McWilliams. This move comes after Tether's USDT stablecoin was delisted from EU exchanges and aims to enhance transparency and institutional engagement.
March 22, 2025 | 5:15 pm
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POSITIVE IMPACT
Tether's commitment to a full financial audit could help restore confidence in USDT, potentially stabilizing its market value and reducing volatility.
A comprehensive audit by a Big Four firm would provide transparency, potentially alleviating concerns about USDT's backing and improving market confidence.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100