KPMG U.S. issued an "unqualified audit opinion" on Tether International’s full 2025 financial statements, Tether said Thursday.

Tether said KPMG gave its 2025 financial statements a clean opinion, a milestone for the company after years of questions about its reserves.

Tether completed its first full audit, with KPMG issuing an unqualified opinion and reserves exceeding liabilities by $6.814 billion.