Tether to Undergo Full Audit with Top Firm: Increased Transparency for USDT Reserves

Tether, the issuer of the world's largest stablecoin, USDT, is taking significant steps to enhance transparency. Reports indicate that Tether is preparing for a full audit with a top 12 accounting firm to provide additional transparency on its USDT reserves. This long-awaited audit of Tether's reserves, worth over $140 billion, aims to verify that its USDT stablecoin is backed at a 1:1 ratio.

The move comes as Tether International, S.A. de C.V. (TI) strives to build trust within the cryptocurrency market. While previously utilizing attestations, such as those provided by MHA, a full audit offers a more comprehensive and rigorous review of their asset reserves.

Tether's CTO Paolo Ardoino has repeatedly emphasized the stability and resilience of USDT, stating that Tether (USDT) has survived short selling and redemptions even amid crypto market crashes. He believes that increased transparency through this upcoming audit will further solidify confidence in USDT.

While a previous Q1 2025 attestation was completed by BDO, a top-five global independent accounting firm, the engagement with a top 12 firm signals a commitment to even greater scrutiny. The goal is to provide the market with irrefutable evidence of the backing of USDT, reinforcing its position as a leading stablecoin.

The audit process is expected to involve a thorough examination of Tether's assets and liabilities, ensuring compliance with regulatory standards. This increased transparency is a positive development for the entire cryptocurrency ecosystem.