Tether completes the largest initial financial audit in history, KPMG issues an unqualified opinion

The digital asset company Tether announced that it has completed a full independent audit conducted by KPMG U.S. on the financial statements of Tether International, S.A. de C.V. as of December 31, 2025. KPMG U.S. issued an unqualified audit opinion.

The audit covered transactions, systems, ownership records, valuations, counterparties, and financial statement evidence, and reviewed the balance sheet, income statement, statement of changes in equity, and cash flow statement. KPMG U.S. also physically counted and inspected each gold bar held by Tether. Tether's Chief Financial Officer Simon McWilliams stated that the audited financial statements for 2025 show that its reserve assets exceed liabilities by $6.814 billion. Tether stated that this audit is an important step in fulfilling its long-term commitment to financial transparency.