Source: Source: Tether to Undergo First Full Financial Audit or for Fundraising Needs

BlockBeats News, March 25th, according to Bloomberg, sources revealed that stablecoin issuer Tether Holdings SA has paused a $20 billion financing plan. The company is awaiting the results of its first full financial audit and may restart fundraising after the audit is completed.

During the fundraising process, potential investors and bankers have been urging Tether to increase financial transparency, but some potential investors are still willing to support the company before the audit results are released. Tether has now hired an accounting firm to conduct the audit.