KPMG’s 2025 Tether audit puts a $6.814 billion reserve surplus on record, handing Tether a clean, unqualified opinion.

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.