For years, Tether has faced scrutiny over the transparency of its reserves — including a $41 million fine from the Commodity Futures Trading Commission. Now, with KPMG reportedly leading its first full audit, the company is taking a significant step toward greater accountability.

Unlike past attestations, a full audit would examine internal controls, operations, and risk exposure over time. If successful, it could set a new standard for stablecoin transparency and influence how regulators approach the entire sector moving forward.