Tether CEO Paolo Ardoino Says the Company Is in Talks with One of the Big Four Accounting Firms

According to a new report by Reuters, Tether CEO Paolo Ardoino says the company is in talks with one of the Big Four accounting firms – KPMG, Deloitte, EY and PwC – to receive an audit of its reserves

The chief executive of the world’s largest stablecoin issuer is reportedly looking to receive an audit from one of the biggest accounting firms in the world.

According to a new report by Reuters, Tether CEO Paolo Ardoino says the company is in talks with one of the Big Four accounting firms — KPMG, Deloitte, EY and PwC — to receive an audit of its reserves, though no specific group was named.

Tether says it holds dollar-denominated reserves for each USDT token it creates and an audit would help improve the transparency of said reserves, which are currently subject to quarterly reports rather than full-on audits.

Ardoino told Reuters that getting a full audit is a “top priority” for Tether, a task he says will be easier to achieve under President Donald Trump, who recently signed an executive order to establish a crypto strategic reserve.

“It’s our top priority. Now we are living in a landscape where it’s actually feasible…

If the President of the United States says this is a top priority for the US, Big Four auditing firms will have to listen, so we are very happy with that.”

Tether, which has a transparency page on its website dedicated to keeping track of its stablecoin assets and their associated reserves, currently has about $143 billion worth of USDT in circulation at time of writing.