Smartphone with Tether logo is placed on displayed U.S. dollars in this illustration taken, May 12, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
(Reuters) - Tether, the creator of the world's largest stablecoin, is "engaging with a Big Four accounting firm" as it pushes for a long-awaited audit of its reserves, an effort CEO Paolo Ardoino said will be easier under U.S. President Donald Trump.
Tether has issued more than $140 billion worth of its dollar-pegged cryptocurrency and said for years that it will release an audit. Its token is designed to keep a constant value, something Tether says it does by holding dollar-denominated reserves for every token it creates.
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