KPMG U.S. points unqualified audit opinion on Tether’s 2025 monetary statements – probably the most optimistic type of opinion an impartial auditor can challenge
13 August 2026 – Tether, the most important firm within the digital asset trade, as we speak introduced the profitable completion of a full impartial audit of Tether Worldwide, S.A. de C.V.’s monetary statements for the yr ended December 31, 2025, performed by KPMG U.S. The audit, accomplished in accordance with relevant skilled requirements, represents one of the important milestones in Tether’s historical past, it’s also the most important inaugural monetary audit in historical past. Accomplished at a scale and inside the highest requirements, it establishes a brand new benchmark for monetary scrutiny throughout the stablecoin market.
KPMG issued an unqualified audit opinion of Tether’s monetary statements, that means in KPMG’s opinion, the monetary statements current pretty, in all materials respects, the monetary place of the Firm as of December 31, 2025, and the outcomes of its operations and its money flows for the yr led to accordance with U.S. usually accepted accounting rules. The audit enhances Tether’s present quarterly reserve reporting, analyzing the transactions, programs, possession information, valuations, counterparties, and underlying proof supporting the Firm’s monetary statements. An unqualified opinion – that means an opinion issued with out reservations, exceptions, or caveats – is probably the most optimistic type of opinion that an impartial auditor can challenge.
As a part of the method, KPMG bodily counted and inspected each particular person gold bar held by Tether, verifying the existence and figuring out info of every bar fairly than relying solely on reviews from custodians or counterparties. Rigor was additionally utilized throughout the whole thing of Tether’s monetary statements – the complete steadiness sheet, together with the belongings composing the reserves and the liabilities represented by the issued token, in addition to the earnings assertion, change of fairness, and money flows statements. Every space was topic to impartial substantive testing and verification.
“This can be a defining second for the stablecoin trade,” stated Paolo Ardoino, CEO of Tether. “For years, some detractors stated an audit of Tether couldn’t be accomplished. They stated the Firm refused to topic itself to probably the most rigorous scrutiny. We’ve got as soon as once more confirmed them fallacious. Finishing our monetary assertion audit units a brand new normal for the trade and displays the management we’ve dropped at this market from the beginning.”
“KPMG didn’t merely evaluation a set of headline figures,” Ardoino continued. “KPMG performed a full and thorough audit in accordance with AICPA requirements – analyzing the belongings, transactions, programs, documentation, and different proof supporting our monetary statements. The result’s an unqualified opinion; in different phrases, it means Tether has a clear audit.”
“This can be a landmark second for Tether and for the trade we serve – a milestone in Tether’s dedication to transparency,” stated Simon McWilliams, Chief Monetary Officer of Tether. “We subjected our monetary statements to the scrutiny of a Huge 4 audit, one of the bold tasks within the Firm’s historical past, and accomplished it with the best precedence following the announcement of our signing with a Huge 4 auditor. This was our Finance workforce getting into the best league and main in it. We maintain ourselves to the requirements seen on the world’s main firms – and we’ll hold elevating them over time. Tether’s audited monetary statements for the yr ended 31 December 2025 report reserves exceeding the liabilities by $6.814 billion, confirming the standard of the general public attestation reviews.”
Tether has offered common impartial attestations of the belongings backing its issued tokens for years. The completion of a monetary assertion audit represents a basic step ahead within the Firm’s monetary reporting and the achievement of one among its longest-held commitments.
The achievement additionally carries implications past Tether. Stablecoins have develop into an more and more vital element of world monetary infrastructure, supporting financial savings, funds, remittances, buying and selling, and entry to U.S. {dollars} for lots of of tens of millions of individuals.
As their position grows, the monetary governance and impartial scrutiny utilized to stablecoin issuers should develop with them. By voluntarily subjecting its full monetary statements to this degree of examination, Tether is setting the next normal for accountability throughout the market.
“Individuals might describe this as the top of a protracted journey, however we see it as the start of the following one,” Ardoino stated. “Tether has developed from a disruptive stablecoin issuer into one of the financially important and operationally subtle personal firms on the earth. This audit demonstrates that our monetary infrastructure and governance have developed alongside that accountability. At present, greater than 650 million customers throughout all rising markets proceed to depend on Tether each day, selecting USD₮ as their forex, for his or her life financial savings, for his or her commerce, for the way forward for their kids. These are individuals who have been left behind by the normal monetary system, they usually belief our Firm to stay resilient amidst all the worldwide uncertainty that plagues the world – the proof of that stability is now not only a Tether promise; it’s a signed opinion.”
