XMR: the native token of the privacy-focused Monero network, used to pay transaction fees and secure network operationsTRX: the native gas and staking token of the Tron network, used to pay transaction fees and secure network operationsTAO: the native token of the Bittensor network, used to incentivize and reward machine learning contributions within a decentralized AI marketplaceSUI: the native gas and staking token of the Sui network, used to pay transaction fees and secure network operationsSTX: the nati ...

Stablecoin giant Tether has announced it has signed a Big Four accounting firm to audit its reserves after years of struggling to get one to do so. The San Salvador-based company said Tuesday that the audit would be the “biggest ever inaugural audit in the history of financial markets.” “At a scale rarely seen outside the world’s largest sovereign institutions and encompassing a uniquely complex mix of digital assets, traditional reserves, and tokenised liabilities, this audit marks a defining moment not ...

Tether, the world’s largest stablecoin company, announced on Tuesday that it has signed a Big Four accounting firm to complete its first full audit. The move stands to give the company, which has long faced criticism over its lack of transparency, a stamp of legitimacy. In a statement, Tether announced that the audit will review Tether’s assets, liabilities, and reserves and be conducted by one of the Big Four—a term that describes Deloitte, EY, KPMG, and PwC—but did not specify which one. Five years ago, ...

Tether, the world’s top stablecoin issuer, announced Tuesday it will soon make good on a yearslong promise to audit its sprawling stablecoin reserves—but won’t yet disclose which firm will actually do the job. Tether claims to hold some $192 billion in assets in reserve around the world to back the value of its dollar-pegged stablecoin, USDT. The majority of those reserves are purported to be held in U.S. Treasuries. But, ever since its founding in 2014, the company has refrained from undergoing an audit ...

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