A source with direct knowledge told The Block that Tether does not publicly share its audited statements because it is a private company.

KPMG U.S. examined Tether's books and even counted its gold bars as the $180 billion USDT issuer said it completed its long-promised financial audit.

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