Does USDT have sufficient reserves? Tether reportedly hires KPMG for a comprehensive audit.
The Financial Times of the UK reported on Thursday, citing informed sources, that Tether, the world's largest stablecoin issuer, has commissioned KPMG, one of the Big Four accounting firms, to conduct a comprehensive financial audit of its USDT, which has a market value of $185 billion.
At the same time, Tether has also hired another Big Four accounting firm, PwC, to assist in organizing and optimizing the company's internal systems and financial processes in preparation for the upcoming audit. This is seen as Tether's most substantial and groundbreaking step toward "financial transparency" since its establishment.
Tether's CFO, Simon McWilliams, stated earlier this week that the company has "long been operating in accordance with the audit standards of the Big Four accounting firms" and promised that "the final audit report will certainly be delivered to the public on time."
This auditing action comes as Tether prepares to enter the US market.
区块客·11m ago
