Tether Secures KPMG Unqualified Opinion in First Full Independent Financial Audit

Tether has completed its first full independent financial statement audit, with KPMG U.S. issuing an unqualified (clean) opinion on the company’s 2025 accounts, according to reports. The audit covered Tether International’s financial statements and Tether said KPMG reviewed its reserves, including gold holdings, with the company reporting a $6.814 billion reserve surplus ^{[1] [2]}.

Multiple outlets reported that the audit is positioned by Tether as a major milestone after years of scrutiny over USDT reserve backing, including references to it as the “largest inaugural financial audit.” The coverage also describes KPMG’s sign-off on the 2025 statements as a clean opinion ^{[3] [4]}.

Tether said it has reached its long-promised “Big Four” audit milestone, with KPMG U.S. providing an unqualified opinion on its 2025 financial statements ^{[1] [3]}.