👀 Tether Announces Completion of First Full Independent Financial Audit 🔹 Tether, the issuer of the leading USDT stablecoin, has announced the successful completion of its first full independent financial statement audit for fiscal year 2025, conducted by Big Four audit firm KPMG US. 🔹 Reports that Tether's financial reporting would undergo an independent third-party audit first surfaced in March 2026, with subsequent disclosures confirming the engagement of KPMG's US entity. 🔹 According to the official press release, the auditors issued an unqualified audit opinion — the highest level of assurance. This confirms that Tether's financial statements present fairly, in all material respects, and comply with Generally Accepted Accounting Principles (GAAP). 🔹 The audit scope encompassed fiscal year 2025. Tether highlighted that KPMG US performed physical inventory counts of gold bullion backing XAUT, audited the balance sheet and underlying USDT reserve assets, and reviewed cash flow statements.