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Morning Edition · Saturday, August 15, 2026Published at 1:40 AM EDT · New York
KPMG Signs Off on Tether's First Full Financial Audit With a $6.8 Billion Reserve Surplus
The auditor issued an unqualified opinion on the 2025 statements of the company that issues USDT and physically counted its gold bars.
KPMG has completed the first full financial statement audit in the history of the company behind USDT and issued an unqualified opinion, the clean form of auditor sign-off that carries no reservations or exceptions. The audit covered the 20…
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Stablecoin Reserve Disclosure Becomes a Competitive Standard
Stablecoin issuers keep escalating the quality of their reserve disclosure from self-published attestations toward audited financial statements, because institutional distribution and bank charters increasingly require it, and issuers that cannot meet the standard lose access to those channels.
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