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Today, Tether Holdings Limited (Tether), the technology company supporting the blockchain-enabled platform that powers the largest stablecoin by market capitalization (USD₮), announced a significant update to its workflows. insurance and certification.

Tether officially started working with BDO Italia, the Italian firm member of the global organization BDO, the world’s top five firm of independent accountants, in July 2022 for its quarterly report certificates.

With this alignment, Tether will also focus on transitioning to publishing its attestations from a quarterly basis to monthly reports.

Tether is committed to not only being the leader in innovative technology, but also in transparency and accountability to its customers who use stablecoins to earn tens of billions of dollars in transactions every day.

The decision to work with the BDO organization represents its promise to offer considerable transparency to those who hold Tether tokens, providing daily updates on issued tokens and reserves, supplemented by monthly assurance notices.

This new relationship aligns with Tether’s commitment to transparency and is the next step in the company’s journey to full audit.

“We are committed to serving the fast-growing cryptocurrency market as the strongest stable asset in the Web3 economy,” said Paolo Ardoino, CTO of Tether. “The usefulness of Tether has become more than just a tool to quickly enter and exit trading positions, and therefore it is essential for us to evolve alongside peer-to-peer markets and payments. Tether’s commitment to transparency is nothing new. It aligns with the responsibility of its leadership as a market leader to educate the world about stablecoin technology.

BDO’s global organization spans 167 countries and territories, with more than 97,000 people working in 1,713 offices. It is the fifth largest accounting firm in terms of turnover, just behind the Big Four.

According to its recent revenue report dated September 30, 2021. Commission revenue from all BDO businesses globally, including members of their exclusive alliance, was $11.8 billion.