Tether Delays Timeline for Full Financial Audit

The world’s largest stablecoin issuer, Tether, has shifted the date for its full financial audit by “months,” according to chief technology officer Paolo Ardoino.

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Headquartered in the British Virgin Islands, Tether has long been embroiled in controversy for not fully revealing how it is financially backed. Questions have long surfaced about whether or not the popular stablecoin can prove that it has the fiat currency backing the Tether stablecoin.