EXCLUSIVE: Inside Tether’s KPMG Audit: Gold Bars, Bitcoin, and $6B in Excess Equity Tether CEO Paolo Ardoino joins The Starting Block to unpack details of their KPMG US audit. Ardoino explains how Tether finally cleared the biggest hurdle in the room with a Big Four audit from KPMG US, why the timing mattered, and what the new yearly audit plus quarterly attestations mean for the company and the industry. Timestamps 00:00 - Paolo Ardoino joins to discuss Tether’s Big Four audit announcement 01:16 - Why the audit took years and what made it possible now 03:31 - Why Tether chose KPMG US after earlier controversy around attestations 04:58 - Yearly audits and quarterly attestations as a transparency standard 05:15 - Responding to critics who still question Tether’s transparency 06:36 - The 7 billion redemption stress test in 2022 07:57 - Why auditors counted gold bars in Tether’s reserves 08:40 - Tether’s gold and Bitcoin reserve holdings 09:23 - The private fundraising narrative and why Tether says it does not need capital 12:31 - Tether’s AI effort, Qvac, and the mission to serve the unbanked 14:59 - Supporting Bitcoin security work after the Coldcard exploit 16:52 - Confirming annual audits and quarterly attestations going forward

EXCLUSIVE: Inside Tether’s KPMG Audit: Gold Bars, Bitcoin, and $6B in Excess Equity Tether CEO Paolo Ardoino joins The Starting Block to unpack details of their KPMG US audit. Ardoino explains how Tether finally cleared the biggest hurdle in the room with a Big Four audit from KPMG US, why the timing mattered, and what the new yearly audit plus quarterly attestations mean for the company and the industry. Timestamps 00:00 - Paolo Ardoino joins to discuss Tether’s Big Four audit announcement 01:16 - Why the audit took years and what made it possible now 03:31 - Why Tether chose KPMG US after earlier controversy around attestations 04:58 - Yearly audits and quarterly attestations as a transparency standard 05:15 - Responding to critics who still question Tether’s transparency 06:36 - The 7 billion redemption stress test in 2022 07:57 - Why auditors counted gold bars in Tether’s reserves 08:40 - Tether’s gold and Bitcoin reserve holdings 09:23 - The private fundraising narrative and why Tether says it does not need capital 12:31 - Tether’s AI effort, Qvac, and the mission to serve the unbanked 14:59 - Supporting Bitcoin security work after the Coldcard exploit 16:52 - Confirming annual audits and quarterly attestations going forward

Source:https://x.com/TheBlockCo/status/2088293346624077835