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Tether stated that it is in talks with one of the Big Four accounting firms to advance its reserve audit.
According to Reuters, Tether CEO Paolo Ardoino stated that Tether is in talks with one of the “Big Four accounting firms” to advance its reserve audit work, and claimed that under the leadership of U.S. President Donald Trump, the audit would be “more feasible.” Earlier this month, Tether appointed Simon McWilliams as CFO to push the audit progress. 99% of its treasury bonds are held by Wall Street brokerage Cantor Fitzgerald, whose former CEO Howard Lutnick was the Secretary of Commerce under the Trump administration.