Tether Taps Big Four Firm for First Full Financial Audit

Tether said it has reached an agreement with a Big Four accounting firm to launch its first comprehensive, independent financial audit. The company described the engagement as the largest first-time audit ever undertaken in the financial markets, citing the breadth and complexity of its balance sheet. The review will span digital assets, traditional reserve holdings and tokenized liabilities. Tether added that USD₮'s market capitalization has topped $184 billion and the token now serves more than 550 million users globally. The stablecoin issuer said the audit is intended to move beyond the industry's typical "attestation" model and deliver a full audit, supporting its claims that USD₮ is fully backed, sufficiently liquid and governed by international-grade risk controls. CEO Paolo Ardoino said, "Trust is built through actions, not promises—this audit represents the culmination of years of systematic strengthening."