Tether(USDT) News: Company Seeks Big Four Audit for Enhanced Transparency and Accountability

In a move that signals a commitment to transparency and accountability, Tether, the issuer of the popular stablecoin USDT, has announced plans to engage a Big Four auditing firm to audit its reserves. This development comes amidst a changing regulatory landscape for cryptocurrencies under the U.S. President Donald Trump.

Tether Eyes Big Four Firm for Reserve Audit

Tether is reportedly looking to tap a Big Four auditor for its U.S. dollar pegged stablecoin’s reserves. According to Paolo Ardoino, the CEO of Tether, the company is engaging one of the top accounting firms in the world with a view to getting its Tether (USDT) reserves audited. Reuters highlighted this development in a report published on Friday, March 21, 2025. Ardoino sees the crypto regulatory environment under U.S. President Donald Trump as a positive development for the industry, noting that getting a Big Four auditor – Deloitte, EY, PricewaterhouseCoopers, or KPMG – to audit Tether’s USDT reserves is possible in the US under Trump.

Tether Moves Closer to US Compliance Amid Audit Speculation

Tether is reportedly engaging with a Big Four accounting firm for a third-party audit, crucial for compliance with upcoming US stablecoin regulations. The potential introduction of the GENIUS Act would require stablecoin issuers to undergo independent audits and back reserves with assets like Treasury bonds. Despite its $13 billion profit last year, Tether has never submitted to a full audit, raising concerns about transparency and regulatory scrutiny. This audit step indicates Tether may be inching closer to US government cooperation.

Tether Was 7th Largest Buyer of US Treasury Securities in 2024

Tether, the company behind USDT, announced that it was the seventh largest investor in U.S. securities in 2024, purchasing around $33 billion in treasury securities. This places Tether above countries such as Canada, Mexico, and Germany. The Cayman Islands topped the list with more than $100 billion in securities. Tether’s CEO noted that investors were widespread in the Cayman Islands or Luxembourg and did not represent a single entity. Tether invested in U.S. securities as part of its strategy to peg its USDT stablecoin to more stable assets, increasing the security of its stablecoin by meeting liquidity standards and being able to back up its assets in the event of a financial collapse.