Bullbit
Cryptocurrency
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.