Tether has enlisted KPMG to conduct the first full audit of its $185 billion USDT reserves. The company has also hired PwC to prepare internal systems.
Tether has appointed KPMG to perform the first full external audit of its USDT reserves, currently estimated at about $185 billion. The audit will be the most comprehensive look to date at the reserves backing the stablecoin, aiming to enhance transparency and confidence among users and regulators. PwC has been enlisted to assist in building internal systems ahead of the review, ensuring data integrity and process readiness.
The collaboration highlights a broader push in the industry toward stronger governance for stablecoins. The forthcoming audit underscores ongoing regulatory scrutiny of stablecoins and may influence market perception of USDT’s backing. Tether has stated the review will be conducted in phases to ensure accuracy and compliance.
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