Tether Completes First Full Audit After Years of Scrutiny

Tether, the issuer of the world's largest stablecoin USDT, has completed its first full independent audit of its financial statements. The audit was conducted by KPMG US and covered the year ended December 31, 2025.

KPMG issued an 'unqualified audit opinion' on Tether International S.A. de C.V.'s financial statements, meaning they fairly present the company's financial position, results of operations, and cash flows in accordance with US generally accepted accounting principles.

The audit is a major milestone for Tether, which has historically relied on quarterly reserve attestations rather than a full audit. Those attestations provided time-specific snapshots of the company's holdings but did not constitute a comprehensive examination of its financial statements.

Tether's USDT has grown into a roughly $180 billion stablecoin, making it a crucial source of liquidity for cryptocurrency trading and an increasingly important instrument for cross-border transactions.