Tether says it will accept an audit from one of the Big Four accounting firms, but hasn't disclosed which one yet. The market will initially interpret this as a step forward in transparency, especially along the stablecoin compliance line. For $ETH , the impact is more about on-chain funds and DeFi sentiment; if the audit actually materializes, on-chain stablecoin confidence will look better, and conversely, there will be one less layer of pressure on risk assets.
Tether says it will accept an audit from one of the Big Four accounting firms, but hasn't disclosed which one yet. The market will initially interpret this as a step forward in transparency, especially along the stablecoin compliance line. For $ETH , the impact is more about on-chain funds and DeFi sentiment; if the audit actually materializes, on-chain stablecoin confidence will look better, and conversely, there will be one less layer of pressure on risk assets.