According to PANews, Tether's CEO, Paolo Ardoino, has expressed his interest in collaborating with one of the Big Four accounting firms. These firms include Deloitte, PricewaterhouseCoopers, Ernst & Young, and KPMG. However, Ardoino has acknowledged that these firms may be hesitant to work with Tether due to concerns about potential damage to their reputation.
Despite this, Ardoino has stated that securing a partnership with one of these prestigious accounting firms is a 'top priority' for Tether. This move is seen as a significant step towards enhancing the credibility and transparency of the company. The CEO's comments come amidst growing scrutiny of Tether's operations and financial practices.
It remains to be seen whether any of the Big Four will be willing to take on Tether as a client. The potential partnership would undoubtedly be a significant development in the cryptocurrency industry, given the size and influence of these accounting firms. However, the concerns about reputational risk highlight the challenges that cryptocurrency companies face in gaining acceptance in the traditional financial world.