Tether Announces New Deal For Auditing: Good Or Bad For Crypto?

After much discussion about its plans to disclosing information about Tether’s reserves, the team has on Thursday revealed new plans. In a shift in assurance and attestation process, the company announced it is working with a top public accounting firm. The company will now bring out monthly reports on financial reserves behind the stablecoin. Stressing on providing transparency and accountability, the company is moving on from the quarterly reporting process.