Tether completes first full financial audit, receives clean KPMG opinion
60-second summary
Tether completes its first full financial audit, receiving a clean opinion from KPMG. The audit covered Tether's 2025 financial statements, revealing reserves exceeding liabilities by $6.8 billion. This milestone marks a significant step towards increased transparency, alleviating concerns surrounding the stablecoin's backing. Market confidence in Tether may rise as a result.
KPMG’s audit covered Tether’s 2025 financial statements and found its reserves exceeded liabilities by $6.8 billion.