Tether Audit by KPMG: What the Unqualified Opinion Means for USDT in the EU

Stablecoin issuer Tether announced on August 13, 2026 that the audit firm KPMG U.S. has audited its financial statements for the 2025 financial year and issued an unqualified audit opinion. According to the issuer, it is the first full annual audit in the company’s history. For the German market, what counts most is what the announcement does not address: authorised providers in the EU have not carried USDT since the transition period under the Markets in Crypto-Assets Regulation ended, and an audit leaves that legal position untouched.

This article is an assessment, and it keeps the two questions apart. Everything drawn from the issuer’s announcement, from Regulation (EU) 2023/1114, from the German Crypto Markets Supervision Act and from the German Income Tax Act is documented, and every reference is named. Anything beyond that is marked as an assessment.

Tether audit by KPMG: what was reported on August 13, 2026

The issuer’s announcement is titled “Tether Completes the Largest Inaugural Financial Audit in History” and is dated August 13, 2026. It names KPMG U.S. as the auditing firm, December 31, 2025 as the reporting date and an unqualified audit opinion as the outcome. On the company’s own account, reserves exceed liabilities as at that date by $6.814 billion.

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