The post Tether taps Big Four firm for audit after years of infamous vagueness appeared on BitcoinEthereumNews.com.

Tether is finally doing the thing it kept saying it would do for years—getting a real audit. CEO Paolo Ardoino confirmed the company is “engaging with a Big Four accounting firm,” though he didn’t say which one or when the audit would happen. He said it’s now “feasible” thanks to U.S. President Donald Trump’s crypto-friendly policies. “It’s our top priority,” Ardoino said. He claims the regulatory environment has changed completely, and that Trump’s crypto push makes it easier. Tether has been promising transparency forever, but so far, it only puts out quarterly attestations, not full audits. Tether seeks Trump-era support to push audit forward Ardoino didn’t say if it’s PwC, EY, KPMG, or Deloitte—but said they’re talking to one of them. He pointed to Trump’s stance as a green light. “If the President of the United States says this is top priority for the U.S., Big Four auditing firms will have to listen,” he said. This is all part of Tether’s latest push to prove it actually backs the $140 billion worth of stablecoins it has issued. It says every coin is supported by dollar-denominated assets. The goal now is to finally show the math. The firm recently hired Simon McWilliams as CFO to lead the audit effort. This isn’t coming out of nowhere. Trump has signed an executive order for a strategic crypto reserve and is promising new rules for digital assets. Ardoino took a shot at U.S. regulators under Biden, calling their actions “Operation Chokepoint 2.0,” a phrase the crypto crowd uses to describe the government’s campaign to cut off crypto from the banking system. Meanwhile, Tether keeps stacking U.S. debt. In 2024, it bought more than $33.1 billion in Treasury bills, making it the seventh biggest buyer of U.S. government debt. As of December 31, it held…

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Filed under: News - @ March 21, 2025 10:18 pm