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Tether gets an audit, ending long-running stablecoin scrutiny

Decrypt reports the audit means one of Tether's most persistent criticisms has been addressed, with the stablecoin issuer moving toward greater verification of its reserves.

Reported · Written up by our desk · Stablecoins

Tether has received an audit, according to Decrypt, a step that appears to close out the longest-running criticism facing the leading stablecoin issuer.

The outlet said the development ends a prolonged period of open scrutiny directed at the company and its stablecoin arrangements.

While the reporting highlights the audit milestone as the key change, it does not add further detail in the provided material about the audit results or timing beyond the fact that the audit has been completed.

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