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Stablecoin Issuer Tether Says Audit of Reserves is ‘Top Priority’

  • Tether, the stablecoin issuer, is in talks with a Big Four accounting firm to conduct an audit of its reserves.
  • Tether has been planning to release a full financial audit but has only published quarterly reports on its reserves so far.
  • Tether's latest attestation report stated that the reserves for its tokens in circulation amounted to about $143.7 billion.
  • The company is optimistic about getting an audit of their reserves under the administration of President Donald Trump.

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