Tether Passes First Full Audit with Unqualified Opinion from KPMG

Tether has completed its first full financial audit by KPMG, marking a significant step in the company's efforts to increase transparency and engagement with regulators.

The audit covered Tether's financial statements and resulted in an unqualified opinion from KPMG, indicating that the statements were presented fairly in accordance with the applicable reporting framework.

Tether said the audit involved a full review of its reserves, assets, and liabilities under KPMG's audit procedures. This process is expected to support Tether's engagement with regulators and institutional partners.