Tether has hired KPMG to audit its $185 billion USDT stablecoin, marking a significant step towards full financial scrutiny. Additionally, PwC has been brought in to ready Tether's internal systems for the audit. This move follows Tether's decision to gear up for a U.S. expansion and potential fundraising, aligning with new regulatory standards set by the GENIUS Act.
As stablecoins become integral to financial infrastructure, Tether's increased transparency reflects broader industry shifts toward regulation and compliance.