Every time Tether was going to get an audit

Tether, the world’s largest stablecoin, has appointed Simon McWilliams as CFO, succeeding Giancarlo Devasini, who remains chairman. The firm reiterates its commitment to a “full audit,” a promise dating back to its launch. Despite earlier claims about audits and partnerships aimed at improving transparency, Tether has faced criticism for its unresolved audit status. Although past attempts to secure audits were unsuccessful, the company insists that an audit is crucial for enhancing industry standards and regulatory compliance. Tether had previously asserted that it would prove its reserves through published bank balances and periodic professional audits. Tether’s General Counsel once claimed that an audit was imminent, but years have passed without completion.