Tether finally gets a full audit by KPMG

[rdluffy]

I saw this news today, and ever since I've known about stablecoins, people have been saying that Tether would be the one to collapse and trigger a major market crisis in crypto
It seems they're in very good financial shape right now

• Tether's chief financial officer said ​audited financial statements for 2025 show its reserves exceeded its liabilities by $6.8 billion.
• A spokesperson for KPMG U.S. said: “We can confirm ​that we issued an unqualified opinion on Tether ​International, S.A. de C.V.’s financial statements in accordance with AICPA standards ‌for ⁠the year ending December 31, 2025. Due to client confidentiality, we have no further comment.”
• "The audit complements Tether's existing quarterly reserve reporting, examining the transactions, systems, ​ownership records, valuations, ​counterparties, and ⁠underlying evidence supporting the Company's financial statements," Tether said.
• Tether said KPMG physically counted ​every gold bar it held.
• Tether's website says it ​has ⁠issued around $183 billion in crypto tokens pegged to the dollar. Tether says it holds dollar-denominated assets, including U.S. ⁠Treasuries, ​to match the number of ​tokens in circulation.
• Tether has previously published "attestations" by BDO Italia on the size of ​its reserves.

Source: http://reuters.com/world/americas/stablecoin-issuer-tether-says-kpmg-us-has-audited-its-2025-statements-2026-08-14/

Not bad
It seems that Tether won't be the black swan event it could have been 

[Ambatman]

It's great to hear and see some reassurance even if to me it can be taken as a grain.
There's nothing stopping the auditors from been paid
I assure you it happens. But I prefer this storyline better
Tether been on the other side at a time like this would cost the market alot.
And would serve as precedence on crash on stablecoins
Though I believe it could boost Bitcoin price later when people realise what a public verifiable ledger is.

[tiCeR]

I saw this news today, and ever since I've known about stablecoins, people have been saying that Tether would be the one to collapse and trigger a major market crisis in crypto
It seems they're in very good financial shape right now

• Tether's chief financial officer said ​audited financial statements for 2025 show its reserves exceeded its liabilities by $6.8 billion.
• A spokesperson for KPMG U.S. said: “We can confirm ​that we issued an unqualified opinion on Tether ​International, S.A. de C.V.’s financial statements in accordance with AICPA standards ‌for ⁠the year ending December 31, 2025. Due to client confidentiality, we have no further comment.”
• "The audit complements Tether's existing quarterly reserve reporting, examining the transactions, systems, ​ownership records, valuations, ​counterparties, and ⁠underlying evidence supporting the Company's financial statements," Tether said.
• Tether said KPMG physically counted ​every gold bar it held.
• Tether's website says it ​has ⁠issued around $183 billion in crypto tokens pegged to the dollar. Tether says it holds dollar-denominated assets, including U.S. ⁠Treasuries, ​to match the number of ​tokens in circulation.
• Tether has previously published "attestations" by BDO Italia on the size of ​its reserves.

Source: http://reuters.com/world/americas/stablecoin-issuer-tether-says-kpmg-us-has-audited-its-2025-statements-2026-08-14/

Not bad
It seems that Tether won't be the black swan event it could have been 

It is actually crazy to read this now, it is 2026 and makes a headline that Tether gets audited... Isn't it weird that it took so long for such a critical component of the crypto industry to finally get audited? This should have happened long, long ago. Yet it worked and did not collapse or went rogue. People just blindly trusted it.

[bitmover]

I saw this news today, and ever since I've known about stablecoins, people have been saying that Tether would be the one to collapse and trigger a major market crisis in crypto
It seems they're in very good financial shape right now

I think since 2021 tether became so big and open to third party audits that people arent suggesting it would collapse anymore.

I think tether is quite safe for now. I do own some tether gold and I am not worried about it

[Fortify]

I saw this news today, and ever since I've known about stablecoins, people have been saying that Tether would be the one to collapse and trigger a major market crisis in crypto
It seems they're in very good financial shape right now

• Tether's chief financial officer said ​audited financial statements for 2025 show its reserves exceeded its liabilities by $6.8 billion.
• A spokesperson for KPMG U.S. said: “We can confirm ​that we issued an unqualified opinion on Tether ​International, S.A. de C.V.’s financial statements in accordance with AICPA standards ‌for ⁠the year ending December 31, 2025. Due to client confidentiality, we have no further comment.”
• "The audit complements Tether's existing quarterly reserve reporting, examining the transactions, systems, ​ownership records, valuations, ​counterparties, and ⁠underlying evidence supporting the Company's financial statements," Tether said.
• Tether said KPMG physically counted ​every gold bar it held.
• Tether's website says it ​has ⁠issued around $183 billion in crypto tokens pegged to the dollar. Tether says it holds dollar-denominated assets, including U.S. ⁠Treasuries, ​to match the number of ​tokens in circulation.
• Tether has previously published "attestations" by BDO Italia on the size of ​its reserves.

Not bad
It seems that Tether won't be the black swan event it could have been  

It's a good start and certainly puts them in a premium tier of crypto organizations that are willing to be transparent, which is absolutely essential when we're talking about a decentralized blockchain currency. It's going to make it a model that governments will want to emulate in their quest for CBDC's, so they might find a few consultancy contracts coming their way after this. However we need to be careful, even the "big four" accountancy firms have made mistakes in the past and been caught up in scandals which allowed fraud to take place. It would be nice to see annual audits booked in, because you simply cannot rely on one snapshot in time indefinitely and if they could swap between auditors that would be even better. Seeing things like "KPMG physically counted ​every gold bar" is important, but did they actually fully test each one or just count it assuming it was all gold? Treasury bonds have been falling in price and gold also boomed recently - so depending on the timing of the audit sign off and subsequent collapse in the gold price, that reserve buffer could be sizably lower.

[KiaKia]

I saw this news today, and ever since I've known about stablecoins, people have been saying that Tether would be the one to collapse and trigger a major market crisis in crypto
It seems they're in very good financial shape right now

• Tether's chief financial officer said ​audited financial statements for 2025 show its reserves exceeded its liabilities by $6.8 billion.
• A spokesperson for KPMG U.S. said: “We can confirm ​that we issued an unqualified opinion on Tether ​International, S.A. de C.V.’s financial statements in accordance with AICPA standards ‌for ⁠the year ending December 31, 2025. Due to client confidentiality, we have no further comment.”
• "The audit complements Tether's existing quarterly reserve reporting, examining the transactions, systems, ​ownership records, valuations, ​counterparties, and ⁠underlying evidence supporting the Company's financial statements," Tether said.
• Tether said KPMG physically counted ​every gold bar it held.
• Tether's website says it ​has ⁠issued around $183 billion in crypto tokens pegged to the dollar. Tether says it holds dollar-denominated assets, including U.S. ⁠Treasuries, ​to match the number of ​tokens in circulation.
• Tether has previously published "attestations" by BDO Italia on the size of ​its reserves.

Source: http://reuters.com/world/americas/stablecoin-issuer-tether-says-kpmg-us-has-audited-its-2025-statements-2026-08-14/

Not bad
It seems that Tether won't be the black swan event it could have been 

It's obviously what everyone wished for Tether, and I'm glad they don't have it their ways, it's crazy how everyone wanted them dead or something but the past history of Tether makes me think differently, they fought to get things running, if they are dirty they would be gone already.

Also when everyone wants something to happen in this crypto space the opposite always happened instead, like what happened with ColdCard wallets, no one saw it coming so how will everyone sees the collapse of USDT coming? What a space full of jokers.

Nothing bad will happen to USDT, they've come a long way and fought through all the bad wishes and regulations too, they are winning so far and they aren't stopping soon.

[BIT-BENDER]

I saw this news today, and ever since I've known about stablecoins, people have been saying that Tether would be the one to collapse and trigger a major market crisis in crypto
It seems they're in very good financial shape right now

• Tether's chief financial officer said ​audited financial statements for 2025 show its reserves exceeded its liabilities by $6.8 billion.
• A spokesperson for KPMG U.S. said: “We can confirm ​that we issued an unqualified opinion on Tether ​International, S.A. de C.V.’s financial statements in accordance with AICPA standards ‌for ⁠the year ending December 31, 2025. Due to client confidentiality, we have no further comment.”
• "The audit complements Tether's existing quarterly reserve reporting, examining the transactions, systems, ​ownership records, valuations, ​counterparties, and ⁠underlying evidence supporting the Company's financial statements," Tether said.
• Tether said KPMG physically counted ​every gold bar it held.
• Tether's website says it ​has ⁠issued around $183 billion in crypto tokens pegged to the dollar. Tether says it holds dollar-denominated assets, including U.S. ⁠Treasuries, ​to match the number of ​tokens in circulation.
• Tether has previously published "attestations" by BDO Italia on the size of ​its reserves.

Source: http://reuters.com/world/americas/stablecoin-issuer-tether-says-kpmg-us-has-audited-its-2025-statements-2026-08-14/

Not bad
It seems that Tether won't be the black swan event it could have been 

It's a good news for tether and honestly I am happy for them but I don't blame anyone who felt the collapse of tether was close because alot of negative news surrounded tether and it was becoming that the only way tether was headed was down under.
Although things are turning around for tether but they don't need to get ahead of themselves, before their crazy situation they were in great shape so anything could still happen.
.
Tether has great potentials to achieve significantly improved financial state but they still have work to do.