BlockBeats News, August 14th, Tether, the issuer of USDT, announced that it has completed a full and independent audit of its 2025 fiscal year financial statements by KPMG US, receiving an unqualified audit opinion, the most favorable opinion that an independent audit firm can issue. This audit is referred to as the "largest-ever initial full financial audit," with KPMG conducting comprehensive substantive testing of Tether's balance sheet, reserve asset composition, issued token liabilities, income statement, equity changes, and statement of cash flows. KPMG also physically verified each gold bar held by Tether to confirm its existence and identify information, rather than solely relying on custodian reports.The audit confirmed that as of December 31, 2025, Tether's reserves exceeded liabilities by $6.814 billion. CEO Paolo Ardoino stated, "Critics have claimed for years that Tether's audit could not be completed, and once again, we've proven them wrong. An unqualified opinion means Tether has received a clean audit." Tether CFO Simon McWilliams called this a "milestone in Tether's transparency commitment," highlighting the company's completion of a historic project with a Big Four accounting firm and its commitment to raising standards in the future.Over the years, Tether has consistently released reserve independent attestation reports, and this financial statement audit marks a transition of its financial reporting system from attestation to full audit level.