Tether says ‘Big Four‘ firm to handle first audit of USDT reserves

The stablecoin issuer did not name the accounting firm from the ‘Big Four‘ roster of Deloitte, PricewaterhouseCoopers, Ernst & Young, and KPMG.

Stablecoin issuer Tether said it would hire one of the “Big Four” accounting firms to conduct a full audit of its reserves for the first time.

In a Tuesday notice, Tether said that the accounting firm — which it did not disclose — would complete a “full independent financial statement audit” for the stablecoin issuer, including for its US dollar-pegged USDt (USDT).

The accounting industry’s so-called “Big Four” are Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers.

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