‘Top Priority’ – Tether CEO Paolo Ardoino Looking To Receive Audit From One of Big Four Accounting Firms: Report
The chief executive of the world’s largest stablecoin issuer is reportedly looking to receive an audit from one of the biggest accounting firms in the world.
According to a new report by Reuters, Tether CEO Paolo Ardoino says the company is in talks with one of the Big Four accounting firms – KPMG, Deloitte, EY and PwC – to receive an audit of its reserves, though no specific group was named.
Tether says it holds dollar-denominated reserves for each USDT token it creates and an audit would help improve the transparency of said reserves, which are currently subject to quarterly reports rather than full-on audits.
Ardoino told Reuters that getting a full audit is a “top priority” for Tether, a task he says will be easier to achieve under President Donald Trump, who recently signed an executive order to establish a crypto strategic reserve.
“It’s our top priority. Now we are living in a landscape where it’s actually feasible…
If the President of the United States says this is a top priority for the US, Big Four auditing firms will have to listen, so we are very happy with that.”
Tether, which has a transparency page on its website dedicated to keeping track of its stablecoin assets and their associated reserves, currently has about $143 billion worth of USDT in circulation at time of writing.
Follow us on X , Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
Generated Image: Midjourney
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Altcoin volumes are ‘more concentrated’ than ever
Altcoin trade volume has returned to pre-FTX levels, but with a shrinking pool of market leaders

XRP price sell-off set to accelerate in April as inverse cup and handle hints at 25% decline
US Treasury Targets Houthi Crypto Wallets, Financial Network
Securitize Reports Highest-Ever Dividend of $4.17 Million for Tokenized Treasury Product
Trending news
MoreCrypto prices
More








