Tether hires KPMG for first full USDT audit, FT reports

What: Tether has hired KPMG for its first full independent audit of USDT's reserves.
Why: The move is seen as a step towards transparency and trust in the stablecoin market.
Signal: The audit could pave the way for a multibillion-dollar equity raise for Tether.
Target: Tether is seeking to raise a significant amount of capital to further its growth and expansion.
Risk: The audit may reveal potential vulnerabilities in Tether's reserves, potentially impacting investor confidence.