Tether, the leading stablecoin issuer, has appointed Simon McWilliams as its new Chief Financial Officer (CFO) as the company aims to complete a full financial audit. McWilliams, a finance executive with over 20 years of experience, will lead Tether's transparency and regulatory engagement efforts. The appointment signifies the company's commitment to raising industry standards and strengthening regulatory engagement. Tether currently publishes quarterly attestations of its reserves but has not yet undergone a full independent audit. The company has faced criticism in the past regarding its reserves, and a full audit could provide more insight into its holdings. Tether holds over $113 billion in U.S. Treasury bills and reported a $13 billion profit for 2024. Giancarlo Devasini, Tether's previous CFO, will transition to Chairman of the Group.



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