Tether Engages Big Four Firm for Comprehensive Audit to Enhance Transparency

In an effort to confirm that its USDT stablecoin is backed at a 1:1 ratio with the US dollar, stablecoin issuer Tether is actively working with one of the Big Four accounting firms to perform its first comprehensive financial audit. This action resolves long-standing industry worries about Tether's reserve sufficiency and transparency. Change...