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Tether Turns to “Big Four” Accounting Firm to Verify USDT Backing as Supply Nears $186B
Tether has appointed a Big Four accounting firm to conduct its first full financial statement audit of the reserves backing its billions worth of USDT stablecoin. The company previously relied on periodic attestations, which offered limited snapshots of its assets at specific points in time. Tether recently announced that it generated more than 10 billion dollars in net profit in 2025 and ended the year with 6.3 billion dollars in excess reserves. The filing, which covers the period to 31 December 2025, shows total assets of about 192.9 billion dollars against 186.5 billion dollars of liabilities, all tied mainly to ... (full story)
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