Tether Retains KPMG, PwC for First-Ever Financial Audit: FT

What: Tether has retained KPMG and PwC for its first-ever financial audit.
Why: The audit aims to increase transparency and trust in the stablecoin's operations.
Signal: The move is seen as a positive step towards regulatory compliance and industry acceptance.
Target: The audit is expected to cover Tether's financial statements for **2025**.
Risk: Any discrepancies or issues found during the audit could impact Tether's reputation and market value.