Tether CEO Paolo Ardoino is in discussions with Big Four accounting firms for a long-awaited third-party audit due to impending US stablecoin regulations. Such an audit is crucial for cooperating with the US government. Despite the plans, skepticism persists within the community over past unfulfilled promises of transparency.

Tether's efforts to conduct the audit follow President Trump's emphasis on stablecoin's role in maintaining dollar dominance. While engaging with an unspecified Big Four firm, Tether must comply with upcoming regulations, mandating third-party audits and specific reserve holdings.

Tether allegedly bought $33 billion in Treasury bonds, largely held by Cantor Fitzgerald. However, until Tether fulfills regulatory audit requirements, its US market operations may be jeopardized.