Tether’s CEO dropped a bombshell after the company underwent an audit by international accounting giant KPMG. According to him, Tether hasn’t considered itself a crypto company for quite some time now.

Tether CEO Speaks Out

The head of Tether emphasized that the company has shifted its focus and no longer identifies solely with the crypto industry. This statement came right after the results of the KPMG audit were published.

KPMG Audit: What’s the Impact?

KPMG, one of the world’s top audit firms, took a close look at Tether’s operations. While the full audit details remain under wraps, Tether’s leadership used the occasion to comment on the company’s evolving identity.

USDT’s Role and Tether’s New Direction

Even though Tether is still minting its USDT stablecoin, the company says it’s expanding its business beyond just crypto. This move hints at Tether aiming for a broader presence in the wider financial market.