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$184 billion USDT comprehensive audit! Stablecoin issuer Tether has chosen KPMG to lead PwC internal controls.
Tether announced that it has commissioned KPMG to conduct its first full financial audit, covering stablecoin reserves of approximately $184 billion, and also hired PwC to help optimize its internal systems. This move shows that Tether is taking proactive steps to improve financial transparency and address regulatory oversight in the U.S. market.
ChainNewsAbmedia1h ago
Tether launches its first comprehensive audit with KPMG taking over the verification of $185 billion in reserves.
The world's largest stablecoin issuer, Tether, will undergo a comprehensive audit by KPMG and has hired PricewaterhouseCoopers to assist in preparing internal systems, with the audit scope going beyond the current proof of reserves to enhance transparency. This move aims to address the compliance requirements of the U.S. GENIUS Act and to alleviate market concerns about its financial stability, supporting future financing plans of $15 to $20 billion.
MarketWhisper2h ago
Tether has selected KPMG for a comprehensive audit and has hired PwC to assist in preparing its internal systems.
BlockBeats news, on March 27, according to informed sources, Tether has selected KPMG to conduct a comprehensive audit of its $185 billion USDT stablecoin reserves and has hired PwC to assist in preparing its internal systems for the audit work.
Tether previously stated that it had formally partnered with the Big Four accounting firms but did not disclose the names of the specific firms. (CoinDesk)
BlockBeatNews2h ago
Tether hires KPMG to audit USDT
Gate News reports that on March 27, the stablecoin issuer Tether has chosen KPMG as its auditing firm and has hired PwC to assist in improving internal systems. This move is the clearest signal that Tether is moving towards a comprehensive audit of its financial statements. The audit scope will go beyond the monthly reserve attestations currently issued by BDO Italia, conducting a thorough review of assets, liabilities, control measures, and reporting processes.
GateNews2h ago
Tether hires KPMG for USDT audit, brings in PwC as it gears up for U.S. expansion
Tether has engaged KPMG for a comprehensive audit of its USDT stablecoin, alongside PwC for internal system preparation. This follows investor concerns regarding its reserves and transparency as Tether prepares for U.S. expansion and fundraising amidst evolving crypto regulations.
CoinDesk3h ago
