{"id":18835,"date":"2025-03-24T18:16:56","date_gmt":"2025-03-24T18:16:56","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=18835"},"modified":"2025-03-24T18:16:56","modified_gmt":"2025-03-24T18:16:56","slug":"tether-seeks-first-ever-full-audit-from-the-big-four","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=18835","title":{"rendered":"Tether Seeks First-Ever Full Audit From The Big Four"},"content":{"rendered":"<div>\n<p><span style=\"font-weight: 400\">Tether, the issuer of the world\u2019s largest stablecoin (USDT), is actively pursuing its first comprehensive audit with the big four accounting firms\u2014KPMG, PwC, Deloitte, and EY.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cIf the President of the US says this is a top priority for the US, Big Four auditing firms will have to listen, so we are very happy with that,\u201d said Paolo Ardoino, CEO of Tether.<\/span><\/p>\n<p>According to <a href=\"https:\/\/www.reuters.com\/technology\/tether-is-talks-with-big-four-firm-about-reserve-audit-ceo-says-2025-03-21\/\" target=\"_blank\" rel=\"nofollow\">a Reuters report<\/a> dated 24 March 2025, Ardoino said transparency and the audit is the company\u2019s top priority. \u201cNow we are living in a landscape where it\u2019s actually feasible,\u201d he added.<\/p>\n<p>However, so far Ardoino has not clarified which of the big four will be auditing Tether.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f6a8.png\" alt=\"\ud83d\udea8\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> Tether Plans First Full Audit! <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f6a8.png\" alt=\"\ud83d\udea8\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"><a href=\"https:\/\/twitter.com\/hashtag\/Tether?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#Tether<\/a> is working with a Big Four accounting firm to audit its reserves after years of criticism. CEO Paolo Ardoino says transparency is a &#8220;top priority.&#8221; <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f50d.png\" alt=\"\ud83d\udd0d\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f4b0.png\" alt=\"\ud83d\udcb0\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"><\/p>\n<p>Will this move build trust in USDT? <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f914.png\" alt=\"\ud83e\udd14\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"><a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#Crypto<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Tether?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#Tether<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/USDT?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#USDT<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Blockchain?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#Blockchain<\/a> <a href=\"https:\/\/t.co\/7tKQoG99MU\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/7tKQoG99MU<\/a><\/p>\n<p>\u2014 Codes For Tomorrow (@CodesTomorrow) <a href=\"https:\/\/twitter.com\/CodesTomorrow\/status\/1904047545770463478?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">March 24, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-ai-crypto-coins\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">10 Best AI Crypto Coins to Invest in 2025<\/span><\/a><\/strong><\/p>\n<h2>Company Is Pressed From All Directions<\/h2>\n<p><span style=\"font-weight: 400\">In Europe, the recent Markets in Crypto-Assets (MiCA) framework requires stablecoin issuers to register with local regulators and meet rather stringent standards.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Tether\u2019s lack of necessary licenses under MiCA has already resulted in exchanges like Crypto.com and Coinbase delisting USDT for European users, creating urgency for the company to enhance its compliance and transparency measures.<\/span><\/p>\n<p>A company spokesperson said, \u201cIt is disappointing to see the rushed actions brought on by statements which do little to clarify the basis for such moves.\u201d<\/p>\n<p>According to Tether, changes in regulation triggered by MiCA could cause significant risks to investors in the EU.<\/p>\n<p><strong>Explore<\/strong>:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/guides-and-tutorials\/how-to-buy-usd-coin\/\" rel=\"\">How to Buy USD Coin (USDC) \u2013 Beginner\u2019s Guide<\/a><\/p>\n<h2 class=\"page-title\">Ardoino Says Competitors Want To \u201cKill Tether,\u201d Criticizes New Stablecoin Bill<\/h2>\n<p>Recently, Ardoino said that while Tether\u2019s competitors business model should be to build a better product and even bigger distribution network, their real intent is to \u201cKill Tether.\u201d<\/p>\n<p>\u201cEvery single business or political meeting that they have culminates with this intent,\u201d he added. \u201cWhile might seem an overstatement, it\u2019s a fact and it\u2019s being reported independently by hundreds of people inside and outside the digital assets industry in touch with the US administration.\u201d<\/p>\n<p>As the US Congress deliberates on new stablecoin legislation, Ardoino has raised concerns about what he perceives as deliberate attempts by competitors to undermine Tether\u2019s dominance in the stablecoin market.<\/p>\n<p><span style=\"font-weight: 400\">The GENIUS Act in the US would mandate stablecoin issuers to undergo audits and maintain reserves in conservative assets like Treasury bonds, with non-compliant issuers potentially facing exclusion from US markets.<\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h3>\n<p><span style=\"font-weight: 400\">    <\/p>\n<ul class=\"nnbtc-key-takeaways__list\">\n        <\/ul>\n<p><\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <\/li>\n<p><\/span><span style=\"font-weight: 400\">Tether is actively pursuing its first comprehensive audit with the big four accounting firms \u2013 KPMG, PwC, Deloitte and EY. At this point, it is unclear which firm will be auditing Tether.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        \u00a0<\/li>\n<p><\/span><span style=\"font-weight: 400\">Tether CEO Paolo Ardoino has emphasized that achieving complete transparency through a full audit has become the company\u2019s \u201ctop priority.\u201d\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <\/li>\n<p><\/span><span style=\"font-weight: 400\">A successful audit from a Big Four firm could significantly boost confidence in Tether.<\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/span><\/p>\n<\/div>\n<p>    <\/span><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/guides\/tether-seeks-first-ever-full-audit-from-the-big-four\/\">Tether Seeks First-Ever Full Audit From The Big Four<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Tether, the issuer of the world\u2019s largest stablecoin (USDT), is actively pursuing its first comprehensive audit with the big four accounting firms\u2014KPMG, PwC, Deloitte, and EY.\u00a0 \u201cIf the President of the US says this is a top priority for the US, Big Four auditing firms will have to listen, so we are very happy with [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-18835","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/18835","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18835"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/18835\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}