Tether hires KPMG for USDT audit, brings in PwC as it gears up for U.S. expansion

FT identifies KPMG as auditor as stablecoin giant eyes fundraising and expansion under new U.S. rules What to know : Tether has selected KPMG to conduct a full audit of its $185 billion USDT stablecoin reserves and hired PwC to help prepare its internal systems, according to FT. The move toward a comprehensive financial statement audit comes as Tether plans a U.S. expansion and seeks to raise up to $20 billion amid investor concerns over pricing and regulatory risk. A Big Four audit would mark a major shift for Tether, which has long faced scrutiny over its reserves and transparency, and follows new U.S. stablecoin rules under the GENIUS Act, under which it has launched the USAT token.