Tether passes its FIRST ever audit, with KPMG confirming reserves beat liabilities by $6.8 BILLION.
The Big Four firm issued an unqualified opinion on Tether's 2025 financials, the cleanest result an auditor can give.
Under the audit:
- The audit was completed under US GAAP and PCAOB standards, the same rules governing public company audits.
- KPMG physically counted and inspected every individual gold bar Tether hold.
- The full balance sheet was examined, covering the reserves backing $184 BILLION in USDT used by 650 MILLION people.
- The opinion was issued with no reservations, exceptions, or caveats.
Tether calls it the largest first ever audit in history, four years after Tether was fined $41 MILLION for misleading claims about its backing.
The Big Four firm issued an unqualified opinion on Tether's 2025 financials, the cleanest result an auditor can give.
Under the audit:
- The audit was completed under US GAAP and PCAOB standards, the same rules governing public company audits.
- KPMG physically counted and inspected every individual gold bar Tether hold.
- The full balance sheet was examined, covering the reserves backing $184 BILLION in USDT used by 650 MILLION people.
- The opinion was issued with no reservations, exceptions, or caveats.
Tether calls it the largest first ever audit in history, four years after Tether was fined $41 MILLION for misleading claims about its backing.