The Chief Executive of the world’s largest Stablecoin emittent is said to be looking for an audit of one of the largest accountancy firms in the world.
According to a new report from Reuters, Tether CEO Paolo Ardoino says that the company is in conversation with one of the Big Four Accounting Firms – KPMG, Deloitte, EY and PWC – to receive an audit of the reserves, although no specific group was mentioned.
Tether says that it has stated that it creates dollar for every USDT token that it creates and help an audit to improve the transparency of the aforementioned reserves, which are currently subject to quarterly reports instead of full audits.
Ardoino said Reuters that getting a complete audit is a “top priority” for Tether, a task that he says it will be achieved more easily under President Donald Trump, who recently signed an executive order to set up a crypto -strategic reserve.
“It’s our top priority. Now we live in a landscape where it is actually feasible …
If the president of the United States says that this is a top priority for the US, Big Four Auditing Firms will have to listen, so we are very happy with that. ”
Tether, who has a transparency page on its website that focuses on keeping track of his Stablecoin assets and their associated reserves, currently has around $ 143 billion in USDT in circulation at the time of writing.
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Generated image: midjourney
