Tether Hires Accounting Firm BDO Italia For Stablecoin Reserves, Adds Monthly Reports

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Ah, Tether—the most popular stablecoin, pegged to the U.S. Dollar and backed by cold, hard cash. Among other assets, as it was eventually forced to admit. Now, Tether Limited has announced that it’s hired BDO Italia as its new accounting firm, with a brief to produce monthly attestation reports for its stablecoin UST’s reserves. Tether and Bitfinex CTO Paulo Ardoino tweeted out a meme with the news. “Tether attestations will be completed by BDO Italia, part of BDO global, top ...

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