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📌Tether Pursues First Full Audit Amid Transparency Criticism and Global Regulatory Pressure

1. Tether is working with a Big Four accounting firm to conduct its first full audit, aiming to prove USDT is fully backed.

2. The move comes after years of criticism and regulatory penalties, including a $41M CFTC fine and a ban from New York.

3. Despite scrutiny, Tether posted a $13.7B profit in 2024 and now seeks greater legitimacy through transparency and compliance.

📌Tether Pursues First Full Audit Amid Transparency Criticism and Global Regulatory Pressure

1. Tether is working with a Big Four accounting firm to conduct its first full audit, aiming to prove USDT is fully backed.

2. The move comes after years of criticism and regulatory penalties, including a $41M CFTC fine and a ban from New York.

3. Despite scrutiny, Tether posted a $13.7B profit in 2024 and now seeks greater legitimacy through transparency and compliance.

https://coinmarketcap.com/academy/article/tether-in-talks-with-big-four-accounting-firm-for-first-full-audit-following-criticism

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hm.. will it be the dooms day for crypto?! (like... Tether may fail the full audit to prove their dollar reserve..??)

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