Tether eyeing ‘Big Four’ firm for reserve audit: CEO

Tether would seek to operate a Big Four listener for its stablecoin reserves of its US dollar dollars.

According to Paolo Ardoino, CEO of TETHER, the company “hires” one of the best accounting firms in the world in order to obtain its TETHER (USDT) Audited reservations.

Reuters underlined this development in a report Posted on Friday March 21, 2025.

According to the report, Ardoino considers the cryptographic regulatory environment under the American president Donald Trump as a positive development for the industry.

Obtaining a Big Four auditor – global companies for professional services Deloitte, EY, formerly Ernst & Young, PricewaterhouseCoopers and KPMG – To audit the USDT reserves in Tether is possible in the United States under Trump, noted Ardoino.

The controversy has surrounded Tether and its reservations since the company’s unveiling by the company in 2014.

The company has resisted most criticism since, emerging as one of the most important crypto projects on the market.

So far, Tether has issued more than $ 140 billion USDT, indicating in various certificates of certificate that each Dollar Pie token is supported 1: 1.

But many have pointed out what they call a lack of transparency.

Given the latest regulatory developments, especially in the United States, having one of the main accounting and advice firms occupies the verification of TETHER reserves can be a huge step forward for the company.

“This is our absolute priority,” said the Tether Exec. “Now we live in a landscape where it is really possible.”

Although Andoino notes this current decision, he has not disclosed any specificity concerning the person who talks about the stablecoin issuer, or when the audit can occur.

The reports according to which Tether seeks to initiate a large accounting firm to verify the reserves of the USDT intervenes while the United States is heading for a bill on the regulation of stablescoin.

Earlier in the week, in an address to Digital Asset Summit in New York, President Trump urged the congress to adopt the legislation on the stablescoin.

Meanwhile, Tether recently appointed Simon McWilliams as a financial director.

As a financial director, the role of McWilliams includes taking TETH’s efforts to have a complete financial audit.