Tether Plans to Complete Full Audit by 2026, Valuation Target at $500 Billion
Svmuu News: Tether CEO Paolo Ardoino stated that the company plans to complete a full audit by the end of 2026 and is currently in discussions with the Big Four accounting firms. Tether disclosed profits exceeding $10 billion last year and currently holds approximately $122 billion in U.S. Treasury bonds, making it the 17th largest holder of U.S. Treasuries globally. Additionally, Tether is promoting its compliant token USAT in the U.S. market and has made over 140 investments in areas such as artificial intelligence, energy, and brain-computer interfaces. Tether is also attracting investors globally, aiming to establish a company valuation of $500 billion, which would make it one of the world's most valuable private companies. (Bloomberg)
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