Tether Gets Its First Full Audit From KPMG With a Clean Bill of Health

TLDR

• KPMG U.S. completed a full financial audit of Tether International for the year ended December 31, 2025
• The audit found Tether’s reserves exceeded liabilities by $6.814 billion
• KPMG physically inspected and counted Tether’s gold bars as part of the process
• This is the first full audit Tether has completed, replacing years of quarterly attestations
• Tether’s USDT stablecoin now holds a $183 billion market cap, about 61% of the total stablecoin market

Tether, the company behind the USDT stablecoin, has completed its first ever full financial audit. KPMG U.S. carried out the review and issued a clean, unqualified opinion on Tether’s 2025 financial statements.

An incredible day ❤️
Tether has its financial audit by a big-four: KPMG US. https://t.co/sW3bmCQ6Tu

- Paolo Ardoino 🤖 (@paoloardoino) August 13, 2026

The audit covered Tether’s balance sheet, income statement, and cash flows for the full year ending December 31, 2025. KPMG found the statements fairly presented the company’s financial position under U.S. generally accepted accounting principles.

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