Tether passes first full KPMG audit: reserves exceed liabilities by $6.8bn

Tether has completed its first full financial audit, conducted by KPMG, which issued a clean opinion. The audit covered Tether's 2025 financial statements and found the company's reserves exceeded its liabilities by $6.8 billion. The milestone is significant for the world's largest stablecoin issuer, long criticised for a lack of transparency.