Tether has announced its first full independent financial statement audit, calling it slated to be the biggest inaugural audit in the history of financial markets. The company issued a Tuesday (March 25) news release describing the effort as a cornerstone for accountability and resilience in crypto infrastructure. For the hundreds of millions of people and businesses that rely on USDT daily, the audit is framed as more than a compliance exercise.
USDT, Tether’s flagship stablecoin, has a market capitalization of a little more than $184 billion, making it the largest stablecoin by market cap. The release notes that the audit will be conducted by a Big Four firm, though it did not identify which of Deloitte, EY, KPMG, or PwC will perform the work.
A full audit by a Big Four firm is described as one of the most rigorous and globally recognized forms of financial assessment. The company frames the exercise as about accountability, resilience, and confidence in the infrastructure that users rely on, rather than a mere compliance requirement.
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