KPMG Gives Tether a Clean Bill of Health — FinallyAfter years of skepticism about what actually backs USDT, Tether has cleared its first full independent financial audit. KPMG U.S. issued an unqualified opinion on Tether International's 2025 financial statements — meaning the auditors found reserves exceeded liabilities by $6.81 billion, with KPMG reportedly going as far as physically counting Tether's gold bars.
For a company that spent years deflecting reserve questions with attestations rather than full audits, this is a meaningful step. Whether it fully silences the critics is another matter — but a Big Four sign-off is considerably harder to dismiss than a quarterly snapshot.
