[Opinion] Tether Finally Gets the Audit It Spent Years Saying Was Coming

Tether Passes First Full KPMG Audit in 12-Year History With Clean Opinion

Tether, the company behind the world’s largest stablecoin USDT, announced on August 13 that KPMG U.S. has wrapped up a comprehensive audit of Tether International’s financial records. The auditor delivered an unqualified opinion on the company’s 2025 financial statements, covering the full fiscal year through December 31. That verdict is the strongest an independent auditor can issue. The milestone arrives after 12 years of operations during whi…

Tether Completes First Big Four Audit as KPMG Signs Off on 2025 Financials

Tether International, S.A. de C.V. announced on August 13 that KPMG U.S. issued an unqualified opinion on its 2025 financial statements — the first time a Big Four accounting firm has audited the company behind the world’s largest stablecoin. The audit, conducted under AICPA standards and U.S. GAAP, confirmed that as of December 31, 2025, reserves backing roughly $180 billion in USDT exceeded liabilities by $6.814 billion. KPMG physically counte…

Tether Finally Gets the Audit It Spent Years Saying Was Coming

Tether announced Thursday that KPMG U.S. completed the company's first full independent financial statement audit, issuing an unqualified opinion on Tether International's 2025 financials and confirming that reserves backing USDT exceeded liabilities by $6.814 billion at year-end.The distinction between this and what Tether has published before matters more than the headline number. Attestations, which Tether has relied on since 2021, are limite…