Tether Completes Largest-Ever Audit in Its History, KPMG Issues Unqualified Opinion
2026-08-13 17:14
Odaily News: Digital asset company Tether has announced the completion of a full independent audit by KPMG U.S. of the financial statements of Tether International, S.A. de C.V. for the year ended December 31, 2025. KPMG U.S. issued an unqualified audit opinion.
The audit covered transactions, systems, ownership records, valuations, counterparties, and financial statement evidence, and also examined the balance sheet, income statement, statement of changes in equity, and cash flow statement. KPMG U.S. also physically counted and inspected every single gold bar held by Tether.
Tether CFO Simon McWilliams said that the 2025 audited financial statements show that its reserve assets exceed its liabilities by $6.814 billion. Tether stated that this audit is an important step in fulfilling its long-term commitment to financial transparency. (Tether News)
The audit covered transactions, systems, ownership records, valuations, counterparties, and financial statement evidence, and also examined the balance sheet, income statement, statement of changes in equity, and cash flow statement. KPMG U.S. also physically counted and inspected every single gold bar held by Tether.
Tether CFO Simon McWilliams said that the 2025 audited financial statements show that its reserve assets exceed its liabilities by $6.814 billion. Tether stated that this audit is an important step in fulfilling its long-term commitment to financial transparency. (Tether News)
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