Tether partners with top 5 accounting firm BDO for reserve attestations

Stablecoin issuer Tether announced Thursday that it has partnered with BDO Italia, the Italian arm of the world’s fifth largest accounting firm, to issue assurance and attestation reports of its reserves. Tether has previously worked with two Cayman Islands-based accounting firms, Moore Cayman and MHA Cayman. Tether’s BDO Italia partnership means it will no longer work with Moore and MHA, the company told The Block. The Block could not immediately reach out to BDO Italia for a comment. Tether began working with BDO Italia in July for its quarterly attestations, it said, adding that it plans to move towards monthly attestations.