Tether CEO Says Big Four Accounting Firms Have Reversed Stance, Now Pursuing Audit Talks
Tether, the issuer of the world’s largest stablecoin USDT (CRYPTO: USDT), is in active discussions with multiple ‘Big Four’ accounting firms to pursue a full financial audit, according to CEO Paolo Ardoino.
The talks, he said, represent a dramatic change in tone from the auditing firms, which previously distanced themselves from working with crypto companies.
What Happened: “There is a 180 degrees change,” Ardoino told Benzinga in an interview. “From last year to this year, we had these firms contacting us and being very open.”
He added that Tether is now going through the onboarding process with several of the world’s largest auditors, although he did not specify which ones.
The shift, he explained, has coincided with political changes in the United States. “It’s happened because of the administration of Trump,” Ardoino said.
He pointed to prior resistance from lawmakers like Senator Elizabeth Warren (D-Mass.), who had criticized Big Four firms for servicing crypto clients. “Senator Warren was attacking the big four audit firms because they were …
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