Stablecoin issuer Tether announced Thursday that it has partnered with BDO Italia, the Italian arm of the world’s fifth largest accounting firm, to issue assurance and attestation reports of its reserves. #Web3GrandPappa
Tether began working with BDO Italia in July for its quarterly attestations, it said, adding that it plans to move towards monthly attestations. When asked for the timeline, the company said it hopes to issue monthly reports “very soon.”
Tether also aims to go through “a complete audit” in the future. “An audit is a priority for us,” the company said, adding that it is “committed to obtaining one as quickly as possible.” #TOGRP7 #mimeXmime
