Interesting news that seems to have passed by many. Tether has hired KPMG to conduct the first truly comprehensive audit of USDT. This is not just another reserves report, but a serious step toward deeper financial transparency.

Previously, BDO Italy provided only periodic confirmations of reserves. But now, the focus is on a comprehensive review of assets, liabilities, and internal controls. At the same time, PwC is preparing the company’s internal systems for this process. Why does this matter? Because USDT, with circulation of about $185 billion, is one of the key liquidity points in crypto markets.

This news about the audit comes amid Tether’s expansion in the US and heightened regulatory oversight. The company is considering raising 15-20 млрд dollars, but investors are concerned about valuation and regulatory status. Simon McWilliams, CFO of Tether, previously said that the company is already operating at the level of “Big Four” audit standards, and that a full audit will be carried out.

This is not the first time Tether has faced questions about reserves. Historically, the company had a significant reliance on commercial paper and bank deposits. Previously, it resolved matters with the CFTC over false claims about reserves and reached an agreement with the New York Attorney General. These directives required the publication of detailed reserves reports.

Now that Congress has approved the GENIUS law, which establishes a federal framework for stablecoins, Tether has already launched a corresponding token. The KPMG audit is expected to cover the company’s full balance sheet. This is a signal that the company is serious about expanding in the US and strengthening trust in its model. It’s worth keeping an eye on how this develops.