TechFlow News, March 24: According to an official announcement by Tether, the company has formally entered into an agreement with one of the Big Four accounting firms to initiate its first-ever comprehensive, independent financial statement audit. This audit is considered the largest inaugural audit in financial market history, covering a complex asset structure including digital assets, traditional reserves, and tokenized liabilities. As of now, the market capitalization of USD₮ has exceeded $184 billion, with over 550 million users worldwide.
Tether stated that this audit aims to go beyond the industry’s commonly adopted “attestation” standard and move toward full auditing, thereby demonstrating that USD₮ is fully backed, highly liquid, and managed with risk controls meeting world-class international standards. Paolo Ardoino, CEO of Tether, said, “Trust is built through action—not promises—and this audit represents the culmination of years of systematic strengthening efforts.”
