Tether Taps KPMG for First Big Four USDT Audit Amid U.S. Expansion Push

What: Tether has hired KPMG for a USDT audit, marking its first collaboration with a Big Four accounting firm.
Why: The move is part of Tether's push to expand in the US and gain regulatory approval under the GENIUS Act.
Signal: The partnership with KPMG is seen as a significant step towards increased transparency and legitimacy for the stablecoin issuer.
Target: Tether aims to secure regulatory approval and establish itself as a major player in the US stablecoin market.
Risk: The audit process may reveal potential vulnerabilities or issues with Tether's internal systems, which could impact its reputation and market standing.