But attestations are not audits. They do not examine internal controls, governance, or the valuation methodology behind complex or illiquid assets. At best, you can call an attestation a photograph of a balance sheet, but it doesn’t show how the company got there.For years, Tether relied on attestations from BDO Italia, its Italian auditing partner since 2022, which confirmed at a point in time that the assets Tether claimed to hold were, in fact, held.Tether holds roughly $17.5 billion in gold reserves , a ...

Crypto Ends The Week In The Red As Market Volatility Continues It was a rough week for cryptocurrencies as Bitcoin (CRYPTO: $BTC), Ethereum (CRYPTO: $ETH) and other digital assets fell sharply amid ongoing volatility in global financial markets.  Uncertainty about the war in Iran and crude oil prices above $110 U.S. a barrel sent investors fleeing from risk assets such as crypto and stocks and into cash.  BTC fell from a high of $75,000 U.S. earlier in the week to a low of $66,000 U.S. on March 27. Ethere ...

Tether Hires Accountants KPMG And PwC Ahead Of U.S. Expansion Stablecoin issuer Tether has hired leading accounting firms KPMG and PwC as it prepares for an aggressive expansion into the U.S. market.  Media reports say that Tether has hired KPMG to carry out an audit on its $185 billion U.S. dollar-pegged USDT (CRYPTO: $USDT) stablecoin.  Tether has engaged PwC to prepare its internal systems ahead of the audit.  More From Cryptoprowl: The hiring of the accounting firms comes as Tether prepares for full f ...

Anchorage Digital has added TRX custody and Tron crypto network staking to its platform, making it the first federally chartered crypto bank in the United States to bring the Tron network inside the regulatory perimeter. Tron hosts $84 billion in USDT, more than Ethereum, yet has operated almost entirely outside U.S. institutional frameworks until now. That gap closes here. A federally chartered custodian supporting Tron is not the same as a state-licensed exchange listing TRX. It is a different categor ...

Tether has engaged KPMG to conduct a comprehensive audit of USDT, the world's largest stablecoin with approximately $184 billion in circulation. The Financial Times reported that the stablecoin issuer had hired KPMG, following Tether’s announcement earlier in the week that it had engaged a Big Four accounting firm for the first time to conduct a full financial statement audit. Per the FT, Tether has also brought in PwC to prepare its internal systems for the audit process. The dual engagement comes as T ...

Stablecoins, which are blockchain tokens that track traditional currencies, soared last year as they began to gain traction in mainstream finance. No longer the sole purview of cryptocurrency traders, stablecoins have the potential to transform the global remittance market and broader payment infrastructure. USDT (CRYPTO: USDT) and USD Coin (CRYPTO: USDC) are both major stablecoins pegged to the U.S. dollar. Their differences, including liquidity, trading volumes, and compliance, could dictate which one p ...

After more than a decade since its inception, two eight-figure settlements with US regulators, and ambitious expansion measures, Tether is finally getting its Big Four audit. The Financial Times reported on Friday that the crypto industry’s largest stablecoin issuer had signed on KPMG to conduct an audit of the firm. The outlet added that PwC would assist with preparing internal systems, citing sources familiar with the matter. Tether and PwC did not immediately respond to a request for comment. KPMG d ...

Bitwise CIO Says Circle Could Be Worth $75 Billion by 2030 Crypto asset manager Bitwise says that Circle (NYSE: $CRCL), issuer of USDC (CRYPTO: $USDC), could be worth roughly $75 billion by 2030, as stablecoin adoption and interest-driven revenue continue to scale. According to a weekly Bitwise CIO memo published on Wednesday by Matt Hougan, the estimate assumes the stablecoin market will grow to $1.9 trillion by 2030, with Circle maintaining its current 25% market share. Hougan says Circle’s business mod ...

Tether crypto has engaged an unnamed Big Four accounting firm for a comprehensive financial statement audit of USDT, announced March 24, 2026. The stablecoin now carries a $184 billion market cap and supports more than 550 million users worldwide, making this the largest-scope inaugural audit in digital asset history. This is not an incremental compliance step. It is a structural reclassification of how Tether’s reserves are verified. Key Takeaways: Audit Scope: The Big Four engagement covers a full fi ...

Tether said Thursday that it has launched its gold-backed token XAUT on BNB Chain, expanding access to the dominant tokenized gold product after the precious metal soared to new price heights in recent months. The listing connects BNB Chain's ecosystem to XAUT, which is the largest gold-backed token on the market with a nearly $2.5 billion market cap, as of this writing. That’s nearly half the total tokenized gold market, which currently sits at $5.3 billion, per data from CoinGecko. Paxos’ PAX Gold isn’t ...