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FollowingTether completed its first comprehensive audit, and KPMG issued an unqualified opinion.
Tether announced the completion of its first comprehensive audit.
Tether said that it had successfully completed its first comprehensive financial audit, and KPMG, one of the four major accounting firms, issued an unqualified opinion on the audit results. The stablecoin issuer described the milestone as the largest first-ever financial audit in history and marked an important step in improving transparency. The audit is a follow-up to Tether's previous engagement by a big four accounting firm, which the company has said will set new quality standards for the digital asset economy. Now that the audit is completed, the earlier promise has been fulfilled. This progress is based on Tether's first financial audit and KPMG's signature confirmation of its 2025 financial statements.
What KPMG's unqualified opinion means
According to Tether, KPMG issued an unqualified opinion on this audit. In accounting terminology, an unqualified opinion (sometimes referred to as a "clean opinion") indicates that the auditor believes that the financial statements are fairly presented and in accordance with the applicable reporting framework. An unqualified opinion is the audit conclusion itself and does not provide a broader endorsement of the company's overall business or assets outside the scope of the audit. Readers should view it as an auditor's assessment of financial statements rather than as a guarantee of future performance.
Why audit milestones are important
For years, Tether has faced intense scrutiny over USDT's reserve assets. Now that a comprehensive audit has been completed and cleaning opinions have been obtained, it has directly responded to external questions about its transparency and credibility. According to media reports, the audit covered the financial situation behind the USDT stablecoin, which is approximately US$180 billion. The milestone comes as Tether continues to expand its product line, with recent moves including obtaining Shariah certification for its gold-backed tokens. For readers who are concerned about stablecoins, the first comprehensive audit report issued by the four major accounting firms is an important reference for evaluating issuers 'information disclosure practices.
