Tether Clears First Full Audit as KPMG Issues Unqualified Opinion on 2025 Statements
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KPMG U.S. issued an unqualified audit opinion on Tether International S.A. de C.V.'s full-year financial statements for the year ended December 31, 2025, marking the company's first full financial statement audit. The US GAAP audit shows reserves exceed liabilities by $6.81 billion, boosting transparency and security for USDT and likely supporting crypto adoption, stablecoin trust and market confidence.
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The entity behind the world’s largest stablecoin has announced that KPMG U.S. issued an unqualified audit opinion on the financial statements of Tether International, S.A. de C.V. for the year ended December 31, 2025. This is the first full financial statement audit in the history of the company behind USDT.
An unqualified opinion carries no reservations, exceptions, or caveats, and is the strongest conclusion an independent auditor can reach. This means KPMG examined the balance sheet, income statement, statement of changes in equity, and cash flow statement under US generally accepted accounting principles, with each area subject to independent substantive testing. The audited statements report reserves exceeding liabilities by $6.81 billion.
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