Tether has successfully completed its first full financial audit, receiving a clean opinion from the global accounting firm KPMG. This marks a significant milestone for the stablecoin issuer, which has faced scrutiny over its reserve backing in the past.
According to CoinTelegraph, KPMG’s audit examined Tether’s 2025 financial statements and confirmed that its reserves exceed its liabilities by $6.8 billion. This positive finding provides greater transparency and confidence in Tether’s financial health.
For Japanese investors and market participants, this development could influence trust in stablecoins amid ongoing regulatory discussions in Japan's crypto space, where transparency and asset backing remain key concerns.