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I didn't see that coming! Deloitte, PwC, EY, and KPMG?

Setting a New Quality Standard for the Digital Asset EconomySetting a New Quality Standard for the Digital Asset Economy

24 March 2026 – Tether, the largest company in the digital asset industry, today announced that it has entered a formal engagement with a Big Four accounting firm to complete its first full independent financial statement audit, which is slated to be the biggest ever inaugural audit in the history of financial markets. At a scale rarely seen outside the world’s largest sovereign institutions and encompassing a uniquely complex mix of digital assets, traditional reserves, and tokenised liabilities, this audit marks a defining moment not only for Tether, but for the evolution of modern finance itself. This milestone reinforces Tether’s role as the category leader and its commitment to delivering the highest level of transparency, stability, and assurance available in global finance.

With USD₮ market capitalization at over $184 billion and a global user base of more than 550 million, Tether is setting the standard for responsible, large-scale digital asset infrastructure. The audit engagement reflects the company’s longstanding dedication to global accessibility, financial empowerment, and the unrestricted movement of value across borders, contributing to a more stable society globally.

A full audit by a Big Four firm is among the most rigorous and globally recognized forms of financial assessment. For Tether, the engagement of a Big Four underscores its commitment to providing deep assurance that USD₮ is fully backed, highly liquid, and operated with world-class risk management.

...read more at tether.io

This is like season five of Tether's-gonna-get-an-audit. I don't see why they bother with it.

From 2018:

We confirm that the relationship with Friedman is dissolved. Given the excruciatingly detailed procedures Friedman was undertaking for the relatively simple balance sheet of Tether, it became clear that an audit would be unattainable in a reasonable time frame. As Tether is the first company in the space to undergo this process and pursue this level of transparency, there is no precedent set to guide the process nor any benchmark against which to measure its success. -source

Wonder if it will be different this time around.

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This time it's a Big 4 firm! Deloitte, PwC, EY, and KPMG?

edited @Scoresby

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Haaaa, they're losing clients and economic value, so walking out the risk curve!!

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