Stablecoin issuer Tether has completed its first full independent financial statement audit, conducted by KPMG U.S., receiving an unqualified clean opinion under American Institute of Certified Public Accountants standards for 2025. Auditors examined Tether International’s complete financials, including reserves, liabilities, income statement, equity changes, and cash flows, and physically counted each gold bar backing the stablecoin, verifying reserves exceeded liabilities by $6.814 billion at year-end. The audit expands on years of quarterly attestations and is presented by Tether executives as a landmark for transparency in the stablecoin sector, potentially influencing regulatory discussions and reassuring over 650 million global users.
This update represents a notable development in the Crypto sector. Organizations and founders tracking this space should evaluate potential strategic and technical implications on their operations.