Tether has undergone its first full financial audit by KPMG
Tether, the issuer of the USDT stablecoin, announced the completion of its first full audit of financial statements. The audit was conducted by the American firm KPMG, one of the "Big Four" largest audit firms.
KPMG issued an unqualified audit opinion to Tether, confirming that the company's financial statements for 2025 fairly present its financial position in all material respects in accordance with US GAAP (United States Generally Accepted Accounting Principles).
As part of the review, auditors examined the company's assets, liabilities, transactions, internal systems, and supporting documentation. Tether also stated that KPMG conducted a physical inspection of all gold bars owned by the company, rather than relying solely on documents from custodians.
As of the end of 2025, Tether's assets exceeded its liabilities by $6.8 billion. The company stated that completing the full audit fulfilled one of its long-standing promises to increase transparency.
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1August 14, 2026 1.1K
