Altcoins News
By Julie Binoche
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Reserve Breakdown Gets Scrutiny. Not exactly shocking news here. Tether's reserves are mostly U.S.
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Regulatory Chess Moves. Tether launched USA₮ last month, appointing Bo Hines as CEO of the new U.S.-regulated stablecoin.
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Tether picked a Big Four accounting firm. The stablecoin giant wants a full audit of its $186 billion USDT reserves, ditching the old attestation reports that critics called…
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The company won't say which firm got the deal - could be Deloitte, EY, KPMG, or PwC. But sources familiar with the selection process said it was competitive, with each firm…
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Not exactly shocking news here. Tether's reserves are mostly U.S. Treasury bills, with smaller chunks in gold, Bitcoin, and loans to unnamed parties.
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A clean audit could change everything for stablecoin transparency standards. Tether holds around $141 billion in direct and indirect U.S.
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USDT supply exploded in 2025. Tether issued almost $50 billion in new tokens, with $30 billion coming in just the second half of the year.
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The timing isn't coincidental. Simon Taylor, a fintech analyst, said a failed audit could "blow up debates around the GENIUS Act's foreign issuer loophole.
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Tether reported over $10 billion in net profit for 2025, plus $6.3 billion in excess reserves as of December 31.
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Market reaction was muted. USDT trades stayed stable around $1.00, suggesting traders aren't worried about the audit results.
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The audit announcement came March 24, 2026, catching some industry watchers off guard. Tether had resisted full audits for years, citing costs and complexity.
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Other stablecoin issuers might follow suit. If Tether's audit goes smoothly, it could become the new standard for reserve verification.
The Currency Analytics
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