Tether Completes Independent Audit of Reserves with KPMG

Tether has announced the completion of an independent audit of its reserves by KPMG, aiming to provide greater transparency and assurance regarding its stablecoin's backing. This audit is a significant step in addressing concerns about the company's financial stability.

13 Aug, 21:20 — 13 Aug, 21:20

Post Share

Sources

Showing 1 of 2 sources

zerohedgeLow2d ago

"No Rock Left Unturned": Tether Completes Independent Audit Of Reserves With KPMG

"No Rock Left Unturned": Tether Completes Independent Audit Of Reserves With KPMG Stablecoin giant Tether has announced that KPMG U.S. completed the first independent audit of its reserves after years of struggling to get a Big Four accounting firm to do so. The San Salvador-based company, which issues the largest stablecoin in existence, USDT, said the audit was “the largest inaugural financial audit in history.” Tether Completes the Largest Inaugural Financial Audit in History...

By Tyler Durden

Read full article →

Coverage Timeline

First report: seeking-alpha · 13 Aug, 19:57|Full coverage: 2 · 1h|Window: 1h

Left-leaningCenterRight-leaning

seeking-alpha13 Aug, 19:57First to report

Tether says KPMG completes audit

1h later

zerohedge13 Aug, 21:20Latest update

PERSPECTA

PERSPECTA

Tether Completes Independent Audit of Reserves with KPMG

Sources

"No Rock Left Unturned": Tether Completes Independent Audit Of Reserves With KPMG

Coverage Timeline

Tether says KPMG completes audit

"No Rock Left Unturned": Tether Completes Independent Audit Of Reserves With KPMG

Related Stories

Diesel Prices Decrease in Romania After Excise Duty Reduction

Greek Rent-a-Car Company Fined €1.32 Million for Tax Evasion

Bangladesh Achieves Historic Test Victory Against Australia

Palantir Co-founder Peter Thiel Invests in Argentine Oil Company Vista

PERSPECTA