Tether Completes First Full Audit, Confirms $6.8B Reserve Surplus

Tether has passed its first full independent audit by KPMG, confirming that it holds $6.814 billion in reserve backing its $183 billion USDT supply.

The audit is a significant milestone for Tether, the largest stablecoin issuer, as it enhances trust and verifies reserves including 146 metric tons of gold.

In response to this achievement, CEO Paolo Ardoino highlighted the importance of this milestone and announced that Tether will be pivoting towards building decentralized AI infrastructure with a $1 billion investment in Northern Data, funded by operational profits.