regulation
Tether Receives Unqualified Audit Opinion from KPMG for 2025 Accounts
KPMG U.S. issued an unqualified opinion on Tether's 2025 financial statements, marking the company's first full audit. However, the work was conducted under AICPA standards, not the PCAOB standards required for U.S. licensed issuers, and Tether has not published the statements or the opinion letter.
AS1 NewsSource: thedefiant.io
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USDTTether announced that KPMG U.S. has issued an unqualified opinion on the financial statements of Tether International, S.A. de C.V. for the year ending December 31, 2025. This represents the first full financial statement audit in Tether's history, providing a level of transparency into its financial health. An unqualified opinion indicates that the auditors found the financial statements to be free of material misstatements.
However, it is important to note that the audit was performed according to AICPA standards rather than the PCAOB standards mandated for licensed U.S. issuers under the GENIUS Act. Additionally, Tether has not released the actual financial statements or the opinion letter publicly, which limits the ability to independently verify the audit results.
This development is a notable step for Tether in terms of transparency and regulatory engagement, but the lack of publicly available detailed statements means that full assessment of the company's financial position remains limited. The audit's scope and standards may also influence how the market perceives this milestone.
The audit signifies a move towards greater transparency for Tether, though the absence of published statements and the use of non-PCAOB standards temper the impact.