Tether has appointed a Big Four accounting firm to conductits first full financial statement audit of the reserves backing itsbillions worth of USDT stablecoin. The company previously relied on periodicattestations, which offered limited snapshots of its assets at specific pointsin time.Singapore Summit: Meet the largest APAC brokers you know (and those you still don't!)Tether announced that it generated more than 10 billiondollars in net profit in 2025 and ended the year with 6.3 billion dollars inexcess reserves. The filing, which covers the period to 31 December 2025, showstotal assets of about 192.9 billion dollars against 186.5 billion dollars ofliabilities, all tied mainly to its USD₮ stablecoin.Tether Signs Big Four Firm to Complete First Full Audit, Setting a New Quality Standard for the Digital Asset EconomyRead more: https://t.co/rtsB7l4nJL— Tether (@tether) March 24, 2026Audit to Check USDT ReservesThe new audit will cover Tether’s assets, liabilities,internal controls and reporting systems. Management said the firm was selectedthrough a competitive process but did not disclose which of the four globalnetworks—Deloitte, EY, KPMG or PwC—secured the mandate.Tether described the engagement as operating at “Big Fouraudit standard.”Tether said it chose the Big Four firm through a competitiveselection, arguing that its own operations already align with the standardssuch auditors expect.Read more: Dollar-Pegged Stablecoins Surge to $313B in Risk-Off Pivot amid US–Iran ConflictIt added that the engagement will proceed to completion andthat the review will assess how the company measures and reports the reservesbacking USDT.Tether says its reserves consist mainly of U.S. Treasurybills, along with smaller allocations to gold, bitcoin and various loans. Thismix has faced scrutiny from critics who question the liquidity and risk of someholdings, particularly during periods of market stress. The full audit aims to address long-running questions overwhether USDT is fully backed one-to-one by liquid reserves and to raise thelevel of disclosure in the stablecoin market.USDT Supply Nears $186BAccording to Tether, total USD₮ in circulation passed $186billion after nearly $50 billion of new tokens were issued in2025, with around 30 billion dollars created in the second half alone as demandfor dollar liquidity increased in emerging markets, payments and trading.🔥 JUST IN: Tether posted over $10B profit in 2025, with record $135B in U.S. Treasuries and USD₮ supply surpassing $183B. pic.twitter.com/4fB9a87Lwb— Cointelegraph (@Cointelegraph) October 31, 2025Total reserve assets rose to nearly 193 billion dollars,leaving reserves above liabilities and supporting the token’s outstandingsupply.Tether’s holdings show a strong concentration in U.S.government debt. Direct U.S. Treasury securities exceeded 122 billion dollarsat year-end, while total direct and indirect exposure, including overnightreverse repos, went beyond 141 billion dollars. This level of exposure places the company among the largerholders of U.S. government debt globally, while its separate proprietaryinvestment portfolio in areas such as AI, energy, media and fintech, worth morethan 20 billion dollars, sits outside the reserves that back USD₮.Tether also launched a U.S.-regulated stablecoin, USA₮, last yearand appointed former White House crypto adviser Bo Hines as CEO of the newentity. It marked the stablecoin issuers push into the regulated U.S. market,signaling its intent to align more closely with domestic compliance standardsunder the new GENIUS Act.This article was written by Jared Kirui at www.financemagnates.com.