Paolo Ardoino announced a new transparency framework that integrates a yearly auditing cycle into the firm's financial reporting. The company will maintain its current attestation process throughout the year while adding the full KPMG engagement to its requirements.

Tether is diversifying its strategy by holding Bitcoin to hedge dollar exposure and investing in assets including gold and farmland. These steps, alongside the audit, aim to resolve criticism regarding the company's reserves that has persisted for over a decade.