Tether's circulating market cap exceeded $84 billion this week, marking a record high. Despite the Bitcoin spot ETF-induced rally calming down, the stablecoin market remains steady. In December, Tether will welcome new CEO who supports audits for the largest stablecoin player. ise came following positive sentiments caused by the anticipation of a Bitcoin spot ETF.
In an interview with Bloomberg, Ardoino has expressed Tether's intention to commence real-time publication of its reserve data from next year. In another interview with CNBC, Ardoino voiced support for undergoing a full audit process. He also stressed that the absence of audits for stablecoins, including Tether , is not attributable to a lack of willingness on the part of issuers.
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