Tether, the company behind the world’s leading stablecoin USDT, has made an important step towards increased transparency by announcing they will start providing real-time disclosures of their reserves. This monumental decision comes ahead of Paolo Ardoino taking the role of CEO for the $84 billion cryptocurrency giant.

Tether has been subject to much criticism and regulatory scrutiny due to questions surrounding the transparency and accuracy of their holdings. In an attempt to quell these doubts and secure their reputation as a reliable and stable digital currency, they have committed to the real-time disclosure of their reserves.

Ardoino recognizes the pressing need for this transparency, particularly as USDT plays such an influential part in the global cryptocurrency market. It is essential that both investors and regulators have confidence in Tether to maintain their current market dominance.

This commitment to real-time disclosure is one of the first of its kind in the digital currency space and is an answer to the growing demand for clarity. It is hoped that this will go some way to solving the issues of trust within the cryptocurrency industry, while also setting a new standard for transparency.

The implications of this move are far-reaching, potentially encouraging other entities to follow suit. This could mark a turning point for how digital currency firms operate, leading to a new era of reliability and integrity in the crypto sphere.