Tether Chases Big Four Audit Amid Trump’s Stablecoin Regulation Push

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Tether Eyes Big Four Audit as Trump Urges Stablecoin Regulations, Reuters Reports

It seems that Tether, the leading company issuing stablecoins, is said to be working with one of the “Big Four” accounting firms for an audit of its fiat-backed token’s reserves. This news was shared by Paolo Ardoino, Tether’s CEO, with Reuters. As of now, there are approximately 143.46 billion USDT in circulation.

Tether Listens toTrump’s ASAP Stablecoin Mandate in Pursuit of Big Four Validation

This week, a Reuters report detailed that Paolo Ardoino revealed the company is in discussions with a prestigious accounting firm to scrutinize the reserves underpinning tether ( bitcoin.com/?utm_source=News”>USDT). This development arrives as the stablecoin’s market presence continues to draw heightened public attention. The Tether boss noted that the audit is now easier to get accomplished with Donald Trump as the U.S. President.

According to Ardoino, their main focus is ensuring it happens, and he mentioned that the current situation makes it possible. These comments come after Trump’s visit to the Digital Asset Summit where he urged Congress to speed up the creation of clear regulations for stablecoins.

According to Ardoino’s explanation to Lang on Friday, if the President of the United States declares this as a top priority for the country, then the Big Four auditing firms will need to pay attention. Therefore, we are extremely pleased about this situation.

The efforts by Tether to secure an audit from one of the Big Four accounting firms, combined with Trump’s emphasis on regulations, suggests a strategic partnership between the aspirations of the crypto industry for institutional acceptance and political influence. As Ardoino emphasizes that regulatory certainty is crucial for legitimacy, the alignment of corporate practicality and presidential focus could reshape the position of stablecoins within global finance.

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2025-03-24 02:36