Code & Chain · Signal Desk

Tether Gets First Full Audit from KPMG, but Washington Changes the Standards

Original sourceCryptoSlateAdditional: Unlock Blockchain

Summary

Tether's 2025 financial statements received an unqualified opinion from KPMG, marking its first Big Four audit, showing reserves exceeding liabilities by about $6.8 billion as of end-2025. KPMG claimed to have physically counted all gold bars. However, shifts in U.S. policy (like the GENIUS Act and…

Key points

  • Stablecoin reserve transparency and regulatory compliance are key to market trust.
  • Tether's audit results will influence stablecoin market trust and regulatory standards.
  • Stablecoin issuers may need to adjust reserve composition and disclosure frequency to meet new regulatory expectations.

Editorial note

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