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CoinDesk·3 min read·medium

Tether says it completed long-promised 'Big Four' audit of finances behind $180 billion USDT stablecoin

K
Krisztian Sandor
Tether says it completed long-promised 'Big Four' audit of finances behind $180 billion USDT stablecoin
AI Summary

Tether has completed a full financial audit by KPMG U.S. for the 2025 fiscal year, receiving an unqualified opinion on its financial statements. The audit confirms that Tether's reserves exceeded its liabilities by over $6.8 billion, marking a significant shift from its previous quarterly attestations.

KPMG U.S., one of the “Big Four” accounting firms, audited Tether International's financial statements for the year ended Dec. 31, 2025 and issued an unqualified opinion, Tether said. That means the accounting firm found the statements fairly presented Tether's financial position, results and cash flows in all material respects under U.S. generally accepted accounting principles.

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