Tether, a major stablecoin issuer, successfully completed its first full financial audit by KPMG. The audit confirmed Tether's reserves exceeded its liabilities by $6.8 billion, demonstrating financial stability and transparency.
Tether, a company behind a leading stablecoin (a cryptocurrency designed to maintain a stable value, usually pegged to a fiat currency like the US dollar), has finished its first complete financial audit. This audit was performed by KPMG, a well-known accounting firm. The review covered Tether's financial records for 2025. It found that the company's assets, or reserves, were $6.8 billion more than its debts, called liabilities. This positive audit opinion from KPMG means the financial statements are presented fairly. It aims to show Tether's strong financial health and boost trust among users and the wider crypto community.
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