According to Bloomberg, stablecoin issuer Tether has temporarily shelved its planned fundraising round, which originally aimed to raise up to $20 billion. The company is waiting for results from its first comprehensive financial audit before deciding whether to restart fundraising. Informed sources say that during the fundraising process, potential investors and banks have continuously demanded that Tether improve its financial transparency. The company has hired one of the "Big Four accounting firms" (typically including Deloitte, PricewaterhouseCoopers, Ernst & Young, or KPMG) to conduct the audit, but has not yet disclosed the specific firm or timeline. Earlier reports indicated that Tether launched fundraising last year with a target of $15 billion to $20 billion, valuing the company at approximately $500 billion. If completed, it would become one of the highest-valued private companies globally.