Tether taps Big Four firm for first full financial audit to boost transparency

Tether announced it is working with an unnamed Big Four accounting firm to conduct its first full, independent financial audit, a move intended to significantly boost transparency and set a new quality standard for the digital asset economy. CEO Paolo Ardoino stated that this action builds trust by opening the institution to scrutiny. The audit is expected to be historically large due to the complexity of Tether's reserves, which include crypto assets, traditional financial instruments, and tokenized liabilities. This effort follows increased regulatory pressure, particularly from the GENIUS Act signed in July 2025, which mandates annual independent audits for large stablecoin issuers like Tether, whose USDT dominates the market. Previously, Tether relied on attestation reports and faced scrutiny, including a 2021 fine from the CFTC for misrepresenting its reserves.

(Source：Crypto Briefing)