Key facts
- Tether received an unqualified audit opinion from KPMG.
- The audit covered Tether's 2025 financial statements.
- The audit examined Tether's assets, liabilities, and operations.
- A physical inspection of Tether's gold holdings was part of the audit.
- This is a significant milestone after years of scrutiny over reserves.
Tether announced a significant milestone with KPMG issuing an unqualified audit opinion on its 2025 financial statements. This development comes after years of intense scrutiny concerning the backing of its stablecoin. The audit conducted by KPMG encompassed a thorough examination of Tether's assets, liabilities, and overall operations. A notable aspect of the audit process included a physical inspection of Tether's gold holdings, underscoring a commitment to verifying the tangible nature of its reserves. This unqualified opinion from a major auditing firm is expected to enhance confidence in Tether's financial stability and the integrity of its reserves.