Tether says it completed long-promised 'Big Four' audit of finances behind $180 billion USDT stablecoin
KPMG U.S. examined Tether's books and even counted its gold bars as the $180 billion USDT issuer said it completed its long-promised financial audit.
Source: CoinDesk
―
DW NOTE
Tether promised a Big Four audit for eight years. Now it delivers one during the quietest week in crypto markets since 2019, when an audit would change nothing about USDT's $180 billion float. KPMG counted the gold bars — but the real test was always whether Tether could survive a run, and a clean opinion in peacetime says nothing about liquidity under stress.