Tether Clears First-Ever KPMG Audit, Revealing a $6.8B Cushion for Crypto Markets

Key Takeaways:

• Tether conducted its first independent financial statement audit by KPMG U.S.
• KPMG provided an unqualified opinion, the least adverse kind of audit opinion.
• Tether’s audited statements for 2025 indicate that its reserves total $6.814 billion, which is more than its liabilities.

Tether has completed a major transparency milestone, putting its full 2025 financial statements through an independent Big Four audit for the first time. The review went beyond reserve reports, examining the company’s financial position, transactions, systems, assets and supporting records.

KPMG Gives Tether a Clean Audit Opinion

KPMG U.S. audited Tether International, S.A. de C.V. ‘s financial statements for the year ended December 31, 2025.

The auditor issued an unqualified opinion, meaning KPMG found that Tether’s financial statements fairly present the company’s financial position, results and cash flows in all material respects under U.S. generally accepted accounting principles.

That distinction is important for the stablecoin market. The audit of the financial statements goes beyond what Tether has previously published in independent attestations and has done for years.

KPMG conducted an examination of the company’s balance sheet, income statement and changes in equity, as well as cash flows. The process also included the transactions, ownership text, the valuations of assets, the counterparties, internal systems, and all paperwork.