USDT News: Tether Partners with Big Four Auditor for USDT Reserve Transparency

In a significant move towards enhancing transparency and addressing industry concerns, Tether, the issuer of the world’s largest stablecoin USDT, has announced a collaboration with a Big Four accounting firm to conduct a comprehensive audit of its reserves. The audit aims to verify that each USDT token is backed 1:1 by assets, addressing past controversies and building trust in the stablecoin market.

Tether Collaborates with Big Four Auditor for USDT Reserve Verification

Tether, the issuer behind the world’s largest stablecoin USDT, is reportedly working with a Big Four accounting firm to conduct an audit of its reserves and confirm that each token is backed 1:1 with assets. The move comes amid growing industry pressure for transparency, especially in light of past controversies surrounding the company’s claims. Speaking to Reuters on March 21, Tether CEO Paolo Ardoino said that a full audit is a top priority for the firm. Ardoino also noted that the audit process could be smoother under the pro-crypto stance of U.S. President Donald Trump, who has signaled support for greater integration of digital assets.

BitGo Incorporates Institutional Custody Support for Aptos Digital Asset Standard

BitGo, a prominent platform offering digital asset custody and security solutions, has included support for the Aptos Digital Asset Standard. This allows institutions to securely manage and store Aptos-based assets, including APT, USDC, and USDT. The platform announced this development on its official account.

Rumble to Launch Digital Wallet Backed by Tether Investment

Rumble, the video-sharing platform, is shifting from ad-reliant revenue to direct, crypto-powered payments. The company, in collaboration with stablecoin issuer Tether, plans to roll out a digital wallet designed to simplify global payouts for creators, especially those in emerging markets. This move reflects broader trends toward decentralization in digital finance. The wallet’s launch follows Tether’s $775 million investment in Rumble late last year, aimed at expanding Rumble’s infrastructure and building new tools for its user and creator community. Industry skeptics note that execution and regulatory hurdles remain.