KPMG Issues Unqualified Opinion on Tether 2025 Audit Amid 40% Drop in Key Metric

Key Facts

In a pivotal development for the stablecoin sector, KPMG U.S. has verified Tether's 2025 financial statements with an unqualified audit opinion, marking a historic first for the issuer. According to reports, this comprehensive audit covers the reserves backing USDT, which circulate at approximately $180 billion, providing the company with formal validation from a Big Four firm. However, the milestone is accompanied by reports of a 40% decline in a key financial metric, adding a layer of complexity to the transparency narrative.

This move strengthens institutional confidence in USDT's role as a primary settlement asset, as Tether moves to prove its reserves are fully dollar-backed. Per analyst data, the engagement of KPMG U.S. specifically aims to resolve long-standing questions regarding asset quality, despite the noted 40% drop in a specific data point. According to market data, the credibility of these reserves remains the cornerstone of global exchange liquidity, where USDT serves as the dominant trading pair.

Looking ahead, USDT continues to target its stable dollar peg as of the August 13, 2026 close. Investors are closely watching upcoming Chinese inflation data on August 9, 2026, as a potential catalyst for risk sentiment in crypto-linked markets, following the reported Chinese trade balance surplus of 112.5 billion on August 7, 2026, which may influence stablecoin flow dynamics.