Tether completes first full audit as KPMG issues unqualified opinion on 2025 financials
AI Market Summary
Tether's first full financial statement audit received an unqualified opinion from KPMG U.S., validating reserves exceeded liabilities by $6.81B and including direct verification of gold holdings. This reduces a major credibility overhang versus prior point-in-time attestations and follows earlier SOC 2 controls work. The disclosure of strong profitability and large USDT supply supports near-term confidence in stablecoin liquidity and collateral quality across crypto markets.
Impact level
● High
Affected assets
BTC/USDT+0.22%
AI Insight · BTC/USDTAI Insight
▲ Bullish
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Tether said KPMG U.S. issued an unqualified audit opinion on the financial statements of Tether International, S.A. de C.V. for the year ended December 31, 2025. The company called it the first full financial statement audit in the history of the entity behind USDT. The audited statements show reserves exceeded liabilities by $6.81 billion. Separately, Tether noted its most recent attestation for the second quarter of 2026 reported $1.5 billion in net operating profit, roughly $184.6 billion of USDT issued, and more than 146 tons of gold.
