Tether is undergoing an independent financial audit of its entire reserve structure by a Big Four accounting firm. The review covers assets backing its USDT stablecoin, which has a market capitalization exceeding $184 billion.
This marks one of the largest inaugural audits in financial market history, assessing digital assets, traditional holdings, tokenized liabilities, internal controls, and operational frameworks.
Tether CEO Paolo Ardoino emphasized the move as a commitment to accountability: “Trust is built when institutions are willing to open themselves fully to scrutiny.”
The audit aims to align Tether with global financial standards, serving over 550 million users and countless businesses relying on USDT daily.