Tether USDT Gets Largest Audit in History, But One Key Number Has Fallen 40%

KPMG U.S. has issued an unqualified opinion on Tether’s 2025 financial statements, the first full audit in the stablecoin issuer’s history.The audited accounts show reserves exceeding liabilities by $6.814 billion as of Dec. 31, 2025. Tether’s own most recent quarterly report puts that buffer at $4.…