Tether eyes Big Four firm for its first full financial audit: Report

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Coin Telegraph 14h ago

Tether eyes Big Four firm for its first full financial audit: Report - Coin Telegraph

Quick Summary:

Tether to produce first full audit after scrutiny“If the President of the United States says this is top priority for the US, Big Four auditing firms will have to listen, so we are very happy with that,” Ardoino told Reuters on March 21.“It’s our top priority,” said Ardoino.

Meanwhile, more recently, Tether has voiced disappointment over new European regulations that have forced exchanges like Crypto.com to delist USDT and nine other tokens to comply with MiCA.“It is disappointing to see the rushed actions brought on by statements which do little to clarify the basis for such moves,” a spokesperson for Tether told Cointelegraph.

Related: Tether freezes $27M USDT on sanctioned Russian exchange GarantexAround the same time, Consumers’ Research, a consumer protection group, published a report criticizing Tether for its lack of transparency surrounding its US dollar reserves.