Tether’s Financial Disclosure Policy: Private Company Status Explained

BitcoinWorld Tether’s Financial Disclosure Policy: Private Company Status Explained Tether, the company behind the world’s largest stablecoin by market capitalization, has not published audited financial statements or a full audit report from KPMG, a decision an industry source attributes to its status as a privately held company.

The explanation, reported by The Block, highlights a common practice among private firms, which are not subject to the same public reporting requirements as listed companies.

Private Company Norms and Regulatory Access The source pointed to Bloomberg as an example of another private company that does not publicly disclose audited financials, reinforcing the argument that Tether’s approach aligns with standard practice for private entities.

According to the source, Tether provides its financial statements to regulators and banking partners upon request, ensuring that key stakeholders have access to the necessary data without making it available to the general public.