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Tether hires KPMG for USDT reserve audit, brings in PwC as it readies US expansion and fundraising

Mar 27, 20268:38 AMNewsroom AI

Tether has engaged KPMG to conduct a full audit of USDT reserves as it prepares to expand in U.S. markets, reporting that the audit would cover roughly $185 billion of USDT backing [1] [2] [3].

The company has also brought in PwC to ready its internal systems for the audit and U.S. operations, and reports indicate Tether is preparing a $15–20 billion fundraising round at an estimated $500 billion valuation as part of its U.S. push [2] [3] [1].

The planned KPMG audit represents a step beyond Tether’s existing monthly attestations (previously provided by BDO Italia) and comes amid recent regulatory developments such as progress on the CLARITY Act [3] [4].

Taken together, the KPMG engagement and PwC work are presented in reports as measures to increase transparency and operational readiness for U.S. expansion [1] [2].

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