Tether completes first Big Four audit of finances backing $180B USDT stablecoin

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Tether, the issuer of the world's largest stablecoin USDT, has completed a long-promised full financial audit by a major accounting firm. KPMG U.S. conducted the examination, reviewing Tether's books and physically verifying assets including gold bars. The audit marks a significant milestone for Tether, which has faced years of scrutiny over the reserves backing its $180 billion in circulating USDT tokens. The completion of a Big Four audit is expected to bolster confidence in Tether's financial transparency among regulators and investors.

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