Tether hires KPMG to audit USDT

According to market news, the stablecoin issuer USDT, Tether, has chosen KPMG as its auditing firm and has hired PwC to assist in improving its internal systems.

This move is the clearest signal that Tether is moving towards a comprehensive financial statement audit, which will go beyond the monthly reserve attestations currently published by BDO Italia, conducting a thorough review of assets, liabilities, controls, and reporting processes. Previously, Tether announced that it had engaged one of the Big Four accounting firms to conduct an audit of its business, but did not disclose the specific firm at that time.