First Full Audit of Tether

A group of companies led by Paolo Ardoino announced an agreement with one of the Big Four auditing firms to conduct the first full audit of Tether. Previously, stablecoin issuers had to rely on reserve certifications from third-party organizations, such as BDO Italia for Tether.

The full audit, carried out by one of the Big Four firms (Deloitte, PwC, EY, or KPMG), is intended to confirm that USD₮ is fully backed, highly liquid, and managed in accordance with global standards. This agreement aims to put an end to years of debate over Tether’s reserve transparency. The audit results are expected to be published in the coming weeks.