{"id":152091,"date":"2025-03-23T17:50:11","date_gmt":"2025-03-23T17:50:11","guid":{"rendered":"https:\/\/peraltafinancing.com\/altcoin\/top-priority-tether-ceo-paolo-ardoino-looking-to-receive-audit-from-one-of-big-four-accounting-firms-report\/"},"modified":"2025-03-23T17:50:11","modified_gmt":"2025-03-23T17:50:11","slug":"top-priority-tether-ceo-paolo-ardoino-looking-to-receive-audit-from-one-of-big-four-accounting-firms-report","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=152091","title":{"rendered":"\u2018Top Priority\u2019 \u2013 Tether CEO Paolo Ardoino Looking To Receive Audit From One of Big Four Accounting Firms: Report"},"content":{"rendered":"


\n<\/p>\n

\n

The chief executive of the world\u2019s largest stablecoin issuer is reportedly looking to receive an audit from one of the biggest accounting firms in the world.<\/p>\n

According to a new report<\/a> by Reuters, Tether CEO Paolo Ardoino says the company is in talks with one of the Big Four accounting firms \u2013 KPMG, Deloitte, EY and PwC \u2013 to receive an audit of its reserves, though no specific group was named.<\/p>\n

Tether says it holds dollar-denominated reserves for each USDT<\/a> token it creates and an audit would help improve the transparency of said reserves, which are currently subject to quarterly reports rather than full-on audits.<\/p>\n

Ardoino told Reuters that getting a full audit is a \u201ctop priority\u201d for Tether, a task he says will be easier to achieve under President Donald Trump, who recently signed an executive order to establish a crypto strategic reserve.<\/p>\n

\u201cIt\u2019s our top priority. Now we are living in a landscape where it\u2019s actually feasible\u2026 <\/em><\/p>\n

If the President of the United States says this is a top priority for the US, Big Four auditing firms will have to listen, so we are very happy with that.\u201d <\/em><\/p>\n

Tether, which has a transparency page on its website dedicated to keeping track<\/a> of its stablecoin assets and their associated reserves, currently has about $143 billion worth of USDT in circulation at time of writing.<\/p>\n

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n

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The chief executive of the world\u2019s largest stablecoin issuer is reportedly looking to receive an audit from one of the biggest accounting firms in the world. 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