Tether gets unqualified KPMG opinion in first full audit

Tether has completed its first independent financial statement audit, with KPMG U.S. issuing an unqualified opinion after reviewing its 2025 accounts and a reported $6.814 billion reserve surplus. Summary KPMG audited Tether International’s financial statements for the year ended Dec. 31, 2025. Tether reported reserve assets exceeding related liabilities by $6.814 billion at year-end. Auditors examined transactions, systems, valuations, counterparties, ownership records, and supporting documents. KPMG physically counted and inspected every gold bar held by Tether. Tether said Thursday that KPMG U.S. conducted the audit of Tether International, S.A. de C.V. under applicable professional standards and issued an unqualified opinion on the company’s financial statements. KPMG’s opinion covers Tether’s full 2025 accounts Rather than examining only a reserve report at a particular date, KPMG reviewed the company’s financial position as of Dec. 31, 2025, along with its operating results and cash flows for the full year. The audit covered the balance sheet, income statement, statement of changes in equity, and cash flow statement. According to Tether, KPMG concluded that the statements “pr...