Tether swaps accounting firms, says it will publish monthly attestation on stablecoin backing

Stablecoin issuer Tether has tapped BDO Italia to take over its regular attestation reports and said it plans to publish the reports every month rather than once a quarter.

The firm, a member of the Binder Dijker Otte, or BDO, global network of accounting and consulting firms, will publish the attestations and assurance reports that detail the assets that make up the $67 billion the USDT stablecoin has in reserves, Tether said Thursday.