Tether Completes First Full Audit; KPMG U.S. Delivers Unqualified Opinion
AI Market Summary
Tether’s first full independent audit by KPMG U.S., with an unqualified opinion under U.S. GAAP and substantive asset verification (including physical inspection of gold bars), strengthens confidence in USDT’s reserve backing and governance. Reported reserves exceeding liabilities by $6.814B improves perceived counterparty quality across crypto venues that rely on USDT for liquidity, potentially tightening risk premia in near-term stablecoin and exchange funding markets.
Impact level
● High
Affected assets
NCSKUSD2USD/USDT+0.84%
AI Insight · NCSKUSD2USD/USDTAI Insight
▲ Bullish
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Tether said KPMG U.S. has completed the company's first full independent audit of Tether International's 2025 financial statements, issuing an unqualified opinion. KPMG concluded the statements fairly present, in all material respects, Tether's financial position, results of operations and cash flows in accordance with U.S. GAAP.
Tether said the audit involved substantive testing of assets, liabilities and transactions, along with reviews of valuations and supporting documentation. The work also included a physical inspection of every gold bar held by Tether.
According to the audited financials, Tether's reserves exceeded its liabilities by $6.814 billion as of the end of 2025.
