Tether, the world’s largest stablecoin issuer, has reportedly initiated engagement with a “Big Four accounting firm” to audit the reserves of its fiat-pegged token. Paolo Ardoino, Tether’s CEO, shared this update with Reuters as the circulating supply of USDT currently stands at 143.46 billion.
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 ( 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.
“It’s our top priority,” Ardoino told Reuters reporter Hannah Lang. “Now we are living in a landscape where it’s actually feasible.” Ardoino’s remarks arrive on the heels of Trump’s attendance at the Digital Asset Summit earlier this week. Trump pressed Congress to expedite the enactment of legislation crafting definitive regulatory frameworks for stablecoins.
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“If the President of the United States says this is top priority for the U.S., Big Four auditing firms will have to listen, so we are very happy with that,” Ardoino explained to Lang on Friday.
Tether’s pursuit of a Big Four audit, coupled with Trump’s regulatory urgency, signals a strategic alignment between crypto’s institutional ambitions and political momentum. As Ardoino frames regulatory clarity as a catalyst for legitimacy, the convergence of corporate pragmatism and presidential prioritization could redefine stablecoins’ role in global finance.
Source: Bitcoin
