Tether hires KPMG for USDT audit, brings in PwC as it gears up for U.S. expansion
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Tether has hired KPMG for a full audit of its $185 billion USDT stablecoin reserves and PwC to enhance its internal systems. This move is part of Tether's U.S. expansion plans and aims to raise up to $20 billion amid investor concerns regarding pricing and regulatory risks. The audit signifies a significant change for Tether, which has faced scrutiny over its reserves and transparency, especially following new U.S. stablecoin regulations under the GENIUS Act, which also led to the launch of the USAT token.
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