Tether Completes First Full Independent Audit With KPMG

Tether, the company behind the world's largest stablecoin USDT, announced on August 13, 2026, that it has completed its first full independent financial audit. The review, conducted by accounting firm KPMG U.S., resulted in an unqualified opinion on Tether International's financial statements for the year ended December 31, 2025. The audit found that Tether's reserve assets exceeded the liabilities tied to its issued tokens by $6.814 billion at the end of 2025.

An unqualified opinion is the strongest result an auditor can deliver, indicating that the financial statements fairly present the company's financial position, operating results, and cash flows in all material respects under U.S. generally accepted accounting principles. The engagement marks a significant step beyond the quarterly reserve attestations Tether had previously published. While attestations provide a snapshot of specific information at a single point in time, a full financial audit examines a broader set of records, transactions, internal controls, and financial statements over an entire year.

KPMG's work covered Tether's balance sheet, income statement, cash flows, ownership records, valuations, and...