Tether Pauses $20 Billion Financing Plan, Awaits First Comprehensive Financial Audit Results

ZkProver · 2026-03-25T02:16:49+00:00

Tether suspends plans to raise up to $20 billion while awaiting results of its first comprehensive financial audit. The audit is considered the largest in financial market history, and despite delays, investors remain willing to support it. The company states it has operated according to audit standards and the audit will be completed.

ZkProver

2026-03-25 02:16:49

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ChainCatcher reports that, according to Bloomberg, the stablecoin issuer Tether has paused its planned fundraising of up to $20 billion while awaiting the results of its first comprehensive financial audit.

Tether announced on March 24 that it had hired one of the Big Four accounting firms to conduct the audit, claiming it would be the largest such audit in financial market history, but did not disclose the specific firm or the audit timeline.

The fundraising was originally scheduled to be completed by the end of 2025 with a target valuation of $500 billion, but has been delayed multiple times. Despite the audit suspension, some potential investors have expressed willingness to support. Tether’s CFO stated that the company is operating according to the standards of the Big Four auditors and that the audit will be completed. The company is working with banks such as Cantor Fitzgerald, Morgan Stanley, and BTG Pactual to advance the fundraising.

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