{"id":212890,"date":"2026-08-13T20:01:40","date_gmt":"2026-08-13T20:01:40","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=212890"},"modified":"2026-08-13T20:01:40","modified_gmt":"2026-08-13T20:01:40","slug":"tether-finally-completes-independent-audit-of-reserves-with-kpmg","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=212890","title":{"rendered":"Tether Finally Completes Independent Audit of Reserves With KPMG"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Tether Finally Completes Independent Audit of Reserves With KPMG<\/a><\/p>\n

<\/div>\n

Stablecoin giant Tether<\/a> has announced that KPMG U.S. completed the first independent audit of its reserves after years of struggling to get a Big Four accounting firm to do so.<\/p>\n

The San Salvador-based company, which issues the largest stablecoin in existence, USDT, said the audit was \u201cthe largest inaugural financial audit in history.\u201d<\/p>\n

Tether for years was criticized for being coy about its reserves and not having an independent audit of what it holds behind its flagship token. Tether said over the years that it was eager to work with a Big Four firm for an audit.\u00a0<\/p>\n

\n

Tether Completes the Largest Inaugural Financial Audit in History<\/p>\n

Read more: https:\/\/t.co\/vWG0fFSUxH<\/a><\/p>\n

\u2014 Tether (@tether) August 13, 2026<\/a>\n<\/p><\/div>\n

\u201cFor years, some detractors said an audit of Tether could not be completed,\u201d Tether CEO Paolo Ardoino said<\/a> in a statement.\u00a0<\/p>\n

\u201cThey said the Company refused to subject itself to the most rigorous scrutiny. We have once again proven them wrong. Completing our financial statement audit sets a new standard for the industry and reflects the leadership we\u2019ve brought to this market from the start.\u201d<\/p>\n

Tether did not mention its Bitcoin holdings in its statement, nor did it immediately respond to questions from Bitcoin Magazine.\u00a0<\/p>\n

But it said that KPMG \u201cphysically counted and inspected every individual gold bar held by Tether, verifying the existence and identifying information of each bar rather than relying solely on reports from custodians or counterparties.\u201d<\/p>\n

Tether added that all assets and statements were subject to \u201cindependent substantive testing and verification.\u201d<\/p>\n

The company has in recent years upped its gold buys<\/a>, holds more U.S. treasuries than some countries and has nearly $60 billion in Bitcoin in its reserves, according<\/a> to data from Arkham Intelligence.\u00a0<\/p>\n

\u201cTether has evolved from a disruptive stablecoin issuer into one of the most financially significant and operationally sophisticated private companies in the world,\u201d continued Ardoino.<\/p>\n

\u201cThis audit demonstrates that our financial infrastructure and governance have evolved alongside that responsibility.\u201d<\/p>\n

Tether\u2019s USDT product has a market cap of over $183 billion, making it the third biggest cryptocurrency in existence.<\/p>\n

This post Tether Finally Completes Independent Audit of Reserves With KPMG<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Mathew Di Salvo<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Tether Finally Completes Independent Audit of Reserves With KPMG Stablecoin giant Tether has announced that KPMG U.S. completed the first independent audit of its reserves after years of struggling to get a Big Four accounting firm to do so. The San Salvador-based company, which issues the largest stablecoin in existence, USDT, said the […]<\/p>\n","protected":false},"author":0,"featured_media":212891,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-212890","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/212890"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=212890"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/212890\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/212891"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=212890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=212890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=212890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}