Reported about 6 hours ago
Tether, the largest stablecoin issuer, is in discussions with a Big Four accounting firm to conduct an audit of its reserves, emphasizing the urgency for improved transparency. CEO Paolo Ardoino expressed optimism that the audit process will be facilitated by the current U.S. administration's favorable stance towards cryptocurrency. Tether has over $140 billion in its dollar-pegged tokens and recently appointed a CFO to lead this financial audit initiative.
Source: YAHOO