Tether Completes Largest Audit With KPMG Unqualified Opinion

KPMG issued an unqualified opinion on Tether's 2025 financials, confirming $6.81B excess reserves and physical gold verification.

Woofun AI reports that Tether has finalized its most extensive independent financial audit to date, conducted by KPMG U.S. for the period ending December 31, 2025. The firm issued an unqualified opinion, validating transactions, systems, ownership records, valuations, and counterparties across the balance sheet, income statement, equity changes, and cash flows. KPMG also physically inspected every gold bar held by the issuer.

Tether CFO Simon McWilliams stated that the 2025 audited statements reveal reserve assets exceeding liabilities by $6.814 billion. The company characterized this completion as a key milestone in its ongoing commitment to long-term financial transparency.