KPMG completes Tether’s first formal financial audit

KPMG has completed Tether’s first formal financial audit, issuing an unqualified clean opinion on the company’s 2025 financial statements, according to Unfolded. Tether’s USDT reserves exceeded liabilities by $6.814 billion, while KPMG also carried out physical verification of all gold holdings and a comprehensive review of the full financial statements.