Why Tether’s First Full Audit Could Be a Turning Point for Stablecoins

[nihalsari]

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.

[madmax]

“this time it’s transparent” crypto sequel number 47

[GummyBear]

Tether has faced scrutiny