Tether says KPMG has issued an unqualified (“clean”) audit opinion on the company’s full 2025 financial statements. Tether made the announcement on Thursday, describing it as the first full audit of Tether International’s financials by KPMG in the United States.
The announcement is presented by multiple outlets as a milestone for the USDT issuer amid ongoing public scrutiny of reserves and transparency. The reporting focuses on the audit outcome—an unqualified opinion—rather than detailing specific findings. Both sources characterize the event as part of Tether’s broader efforts to address questions that have persisted in prior years, including over how USDT’s backing is audited and verified.
While the outlets agree on the core claim that KPMG signed off with a clean opinion, they frame it slightly differently, with one describing it as the “first full audit” and another calling it the “largest inaugural financial audit.” Neither source indicates that any disagreement or qualified results were identified in the opinion.
