One of the “Big Four” accounting firms will oversee the audit
Tether has confirmed plans to move forward with a full independent audit of its reserve holdings, marking a major step after years of scrutiny. The company said it has chosen a “Big Four” accounting firm to carry out the review, though it has not revealed which firm will lead the process.
Tether Signs Big Four Firm to Complete First Full Audit, Setting a New Quality Standard for the Digital Asset Economy
Read more: https://t.co/rtsB7l4nJL
— Tether (@tether) March 24, 2026
The audit will cover a broad look at Tether’s financial position. This includes examining its assets, liabilities, and internal systems tied to the issuance of USDt. The goal is to provide a clearer picture of how reserves support the tokens in circulation.
Tether’s leadership framed the move as an effort to build trust. CEO Paolo Ardoino said the audit is meant to strengthen confidence among users who rely on the stablecoin for daily transactions. The company maintains that its tokens are fully backed by reserves tied to traditional financial assets.
Questions around those reserves have followed Tether for years. Reports have indicated that its holdings include the US. Treasury assets, along with other investments such as gold, Bitcoin, and secured loans. Critics have argued that transparency around these holdings has been limited.
The company remains a major force in the crypto market. With a market value in the hundreds of billions, USDt continues to lead the stablecoin sector by a wide margin. However, competition has increased, with rivals gaining ground in transaction activity.
The decision to pursue a full audit also comes as regulations around stablecoins evolve. New legal frameworks are beginning to shape how these assets operate, especially in the US.
For Tether, the audit represents an opportunity to address long-standing concerns. The outcome could play a key role in shaping how investors and regulators view the company moving forward.
