Today Tether announces its first full financial audit for Tether International, conducted by KPMG U.S. which resulted in an unqualified clean opinion, marking the highest result possible.
Huhh??
An unqualified opinion is the best possible audit opinion an independent auditor can issue. (“unqualified” in accounting jargon means without reservations — not that the audit was incomplete).
Oh ohhh.
The audit, conducted under AICPA standards and U.S. GAAP, confirmed that as of December 31, 2025, reserves backing roughly $180 billion in USDT exceeded liabilities by $6.814 billion. KPMG physically counted and inspected every gold bar held by the company, and tested transactions, systems, valuations, counterparties, and ownership records.
Ookayyyy. Source: Yahoo News