Tether Holdings Ltd has tapped the Italian branch of Binder Dijker Otte (BDO), the fifth biggest public accounting firm, to help handle its assurance and attestation processes.
The move comes off as a step further in its bid to maintain business transparency across the board. With the reputation of BDO, Tether seeks to re-establish its stance as the biggest stablecoin issuer with the right accounting process to back its reserve holdings.
Tether Holdings Ltd is known for the issuance of the world’s largest stablecoin, USDT.
BDO Italia has been working with Tether Holdings since July, when it helped prepare the attestation report for the second quarter.
“We are committed to serving the fast-growing cryptocurrency market as the strongest stable asset in the Web3 economy,” said Paolo Ardoino, CTO of Tether. “The utility of Tether has grown beyond being just a tool for quickly moving in and out of trading positions, and therefore it is mission-critical for us to scale alongside the...
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