Tether parts ways with ex-HSBC traders

Tether has reportedly dismissed former HSBC gold traders who were involved in managing its reserves. This move comes as the cryptocurrency issuer undergoes an audit with KPMG. The departure of these traders raises questions about Tether's internal financial management and its efforts to ensure the stability and transparency of its reserves, particularly in light of ongoing scrutiny from regulators and the market. The company aims to bolster confidence in its stablecoin backing.