Economy
Tether’s 2025 financial statements audited by KPMG US
What happened
Stablecoin issuer Tether announced on August 14, 2026 that KPMG US has completed an audit of its 2025 financial statements, marking a step toward greater transparency in the cryptocurrency sector. The move follows increased regulatory scrutiny of stablecoins, which are pegged to traditional assets like the US dollar.
Key facts
Tether stated that KPMG US conducted the audit of its 2025 financial statements as of August 14, 2026.
Tether is one of the largest stablecoin issuers by market capitalization, with its USDT token widely used in crypto transactions.
Context
Tether is a major issuer of stablecoins, digital currencies designed to maintain a stable value by being pegged to assets like the US dollar. Stablecoins are widely used in cryptocurrency trading and decentralized finance (DeFi) due to their price stability. Regulators globally have raised concerns about transparency and reserve backing in the stablecoin market. KPMG US is a professional services firm providing audit, tax, and advisory services.