Tether says KPMG U.S. audit found reserves exceeded liabilities by $6.814 billion as of Dec. 31, 2025
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Tether reports its first full independent audit by KPMG U.S. with an unqualified opinion, verifying reserves exceeded liabilities by $6.814B as of 2025-12-31 and including physical inspection of gold holdings. A Big Four audit strengthens USDT's transparency narrative versus prior attestations, potentially reducing perceived counterparty risk across crypto funding and exchange liquidity, supporting broader market risk appetite in the near term.
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Tether said it has completed its first annual financial statement audit, carried out by KPMG U.S., covering the year ended December 31, 2025. The company said the audit found its reserves exceeded related liabilities by $6.814 billion as of that date. Tether said the audit complements its existing quarterly reserve attestations and further validates the backing of USDT. It added that its stablecoin serves more than 650 million users worldwide across savings, commerce and remittances in emerging markets.
