Tether has selected KPMG to conduct a comprehensive audit of its approximately $185 billion USD-pegged stablecoin USDT reserves and has hired PwC to prepare internal systems for the audit. This marks a significant step toward full financial auditing; previously, the company had partnered with the "Big Four" accounting firms but did not disclose specific agencies. The audit progress comes as Tether prepares for expansion in the United States and seeks to raise $15 billion to $20 billion in funding, with investors expressing concerns about pricing and regulatory risks. A full financial statement audit will go beyond the current scope of monthly attestations provided by BDO Italia, covering assets, liabilities, internal controls, and reporting systems. (CoinDesk)