Myriad: Bitcoin's next move? Click to make your prediction. Tether’s reserves and disclosures have faced sustained scrutiny.
“As part of the process, KPMG physically counted and inspected every individual gold bar held by Tether, verifying the existence and identifying information of each bar rather than relying solely on reports from custodians or counterparties,” Tether wrote.
Tether framed the audit as evidence that its governance and financial controls have kept pace with its growth.
“Our company has evolved into one of the most financially significant and operationally sophisticated private companies in the world,” Ardoino wrote. “This audit demonstrates that our financial infrastructure and governance have evolved alongside that responsibility.”
