EL7.AI
CryptoMediumUpdated×4•Originally published 26 March 2026•Updated 28 March 2026•
1 min read

Tether Eyes $20 Billion Fundraising as it Engages Big Four for USDT Reserve Audit

Key Facts

1Tether has secured a Big Four accounting firm to conduct a full transparency review of its USDT stablecoin.
2The move aims to provide a comprehensive audit of the reserves backing the world's most traded stablecoin.

Tether is reportedly seeking to raise up to $20 billion in equity as USDT circulation hits a record high of approximately $184 billion, according to the Financial Times. In a major strategic shift, the stablecoin issuer has engaged KPMG to conduct its first-ever full audit by a Big Four firm, replacing the previous point-in-time attestations. Additionally, PwC is assisting with internal infrastructure preparation to ensure technical compliance ahead of the comprehensive review of reserves. These moves are aimed at securing U.S. regulatory approval under the proposed GENIUS Act and bolstering institutional trust. As the primary liquidity provider for the digital asset market, Tether’s push for capital and rigorous auditing is seen as a vital step for global market stability.