Tether Nails First Formal Audit with KPMG

KPMG has completed Tether's first formal financial audit, delivering an unqualified clean opinion on the company's 2025 financial statements. The audit found that Tether's USDT reserves exceeded its liabilities by $6.814 billion.

The comprehensive review included physical verification of all gold holdings, ensuring that reported reserves match actual assets. This level of scrutiny is a significant milestone for Tether, which has faced years of criticism over the transparency of its reserves.

The audit provides an independent, third-party verification that Tether's reserves are sufficient and exceed liabilities by a substantial margin. This surplus acts as a buffer against market volatility and potential redemption pressure.