‘We proved them wrong': Tether lands KPMG's first ‘clean' audit opinion

Tether announced that KPMG completed its first full audit of the company and issued a “clean” opinion on its 2025 financial statements, which the firm framed as a major credibility win for the stablecoin sector. CEO Paolo Ardoino said the result disproved long-running claims that Tether could not withstand rigorous scrutiny. The article notes, however, that critics remain unconvinced, arguing the audit covers only Tether International and does not fully resolve questions about ownership and reserve transparency. The piece also highlights ongoing scrutiny of USDT’s backing, including prior criticism from S&P Global and concerns over reserve composition. Market-wise, the audit may support confidence in USDT and reinforce Tether’s dominance, but lingering transparency concerns could cap enthusiasm.