PANews reported on March 3 that Tether announced that it has appointed Simon McWilliams as Chief Financial Officer (CFO) to advance the company's historic comprehensive financial audit. McWilliams has more than 20 years of experience in financial auditing and will push Tether to further improve transparency and strengthen cooperation with regulators. Tether has previously established a transparency benchmark through quarterly audits with BDO, one of the world's top five accounting firms, but this comprehensive audit will further verify its reserve assets and enhance market trust. At the same time, Tether has moved to El Salvador and obtained a Digital Asset Service Provider (DASP) license.

Tether’s former CFO Giancarlo Devasini will become the group’s chairman, focusing on macroeconomic strategies to drive Tether’s deepening digital asset applications globally.