Bloomberg: Tether has suspended its $20 billion financing plan, awaiting the results of its first comprehensive financial audit

According to Bloomberg, the stablecoin issuer Tether Holdings SA previously planned to raise $20 billion, but this plan has now been suspended as the company is waiting for the results of its first comprehensive financial audit, which may restart fundraising after the audit results are released.

According to sources, throughout the financing process, potential investors and bankers have been urging Tether to improve financial transparency; however, one insider stated that some potential investors are still prepared to support the company before the audit results are announced.