Tether Seeks Big Four Audit of USDT
Date: 2025-03-24 Author: Gabriel Deangelo Categories: BUSINESS
Tether has once again expressed interest in having its USDT stablecoin independently audited, and is now hoping to engage one of the Big Four audit firms to do so. According to Tether CEO Paolo Ardoino, the political environment in the United States has changed, which could make it easier to achieve this goal.
Ardoino noted that the new administration led by Donald Trump could play a decisive role. He expressed confidence that if the US president directly states the importance of the stability of digital assets, leading audit firms will be forced to pay attention to this issue:
“Now the conditions have changed, and this has become a reality. If the president makes this a priority, the Big Four simply cannot ignore it,” he said.
At the moment, Tether limits itself to publishing quarterly reports confirming the backing of its stablecoin. However, a full annual audit by independent auditors has not yet been conducted, which has repeatedly become a reason for criticism from analysts and crypto market participants.
In an attempt to change this situation, in early March, Tether appointed Simon McWilliams as its CFO. The company emphasized that this step should bring them closer to conducting a comprehensive audit that will strengthen the trust of users and regulators in USDT.
Despite the efforts being made, Ardoino himself has previously expressed skepticism about the future of stablecoins. In one of the episodes of the Bitcoin Italia podcast, he suggested that in the long term, digital assets like USDT may lose their relevance as the world gradually switches to using Bitcoin exclusively.
However, at the moment, USDT remains a key element of the crypto market infrastructure, and Tether seems ready to take steps to increase transparency and comply with the standards of the traditional financial industry.
