Tether has enlisted KPMG to conduct an independent audit focused on its financial reporting system, internal controls, and asset valuation, aiming to address longstanding transparency concerns around the stablecoin. The review is designed to assess whether disclosures and valuation practices align with expectations for regulatory compliance and investor confidence. The audit’s findings could influence how stakeholders view the stability and reliability of Tether’s reserve backing and reporting practices. KPMG’s assessment is expected to provide a public audit trail that may shape regulatory perspectives and market trust in the stablecoin.
Tether Hires KPMG for Audit to Boost Stablecoin Transparency
KPMG to conduct an independent audit of Tether’s financial reporting, internal controls, and asset valuation to address transparency concerns around the stablecoin.
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