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Tether clears first full financial audit, KPMG certifies $6.8 billion reserve surplus

8/14/2026

A clean audit opinion from KPMG on Tether's 2025 financial statements marks the stablecoin issuer's first ever full financial audit. The review found reserves exceeding liabilities by $6.8 billion.

For USDT, this is the first clean opinion from a major accounting firm covering a complete annual period. The number and what it represents KPMG covered the full 2025 financial year and issued a clean opinion.

No material misstatements were identified.

The $6.8 billion reserve surplus, the gap between what Tether holds and what it owes, is the specific figure now on public record, established through audit-grade procedures rather than a point-in-time balance confirmation.

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