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Tether plans to complete a comprehensive audit by 2026, with a valuation target of $500 billion.
Odaily Planet Daily reports that Tether CEO Paolo Ardoino stated the company plans to complete a full audit by the end of 2026 and is currently in discussions with the Big Four accounting firms. Tether disclosed that its profit last year exceeded $10 billion and it currently holds about $122 billion in U.S. Treasury bonds, making it the 17th largest holder of U.S. debt worldwide. Additionally, Tether is promoting its compliant token USAT in the U.S. market and has undertaken over 140 investments in fields such as artificial intelligence, energy, and brain-computer interfaces. Currently, Tether is also attracting investors globally, aiming to establish a company valuation of $500 billion, making it one of the highest-valued private companies in the world. (Bloomberg)