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Source: Source: Tether to Undergo First Full Financial Audit or for Fundraising Needs

2 hours ago

March 25th — Bloomberg reported Wednesday that Tether Holdings SA, the issuer of the stablecoin Tether, has paused a $20 billion financing plan. The firm is awaiting results from its first full financial audit and could restart fundraising once the audit wraps up. During the fundraising process, potential investors and bankers have pushed Tether to boost financial transparency, though some prospective backers remain willing to support the company before the audit results are released. Tether has already hired an accounting firm to conduct the audit.
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