Tether Secures First Independent Audit from KPMG US

Tether, the issuer of the popular stablecoin USDT, has finally received an independent audit of its financial statements. After years of promises, KPMG US issued a full audit that was completed on August 13, 2026. According to Tether, the audit found that the company's financial position and results of operations were in accordance with US generally accepted accounting principles.

The audit, which was conducted by KPMG US, resulted in an 'unqualified audit opinion', meaning that the statements presented fairly and accurately reflect the company's financial situation. This is a significant milestone for Tether, as it has faced criticism and scrutiny over its lack of transparency in the past.