Tether Completes Financial Audit of USDT Reserves With KPMG US
KPMG US Audit Verifies Tether Books and Gold Reserves
TETHER AUDIT COMPLETED KPMG
Illustration concept: A sleek modern vault containing neatly stacked gold bullion adjacent to glowing digital USDT crypto token icons on a dark blue circuit board surface.
AI summary
Stablecoin issuer Tether has completed a formal audit of its backing for the $180 billion USDT token. Accounting firm KPMG U.S. verified the company's accounting records and physically counted its gold reserves.
Why this matters
As the primary liquidity driver in digital asset markets, USDT's reserve backing is crucial for broader financial stability within cryptocurrency ecosystems. Fulfilling a full audit with a major firm like KPMG U.S. addresses years of regulatory concern and industry skepticism. This verification could set a clearer transparency standard for competing stablecoin issuers moving forward.
Key takeaways
- KPMG U.S. completed a full financial audit of Tether's $180 billion USDT reserves.
- Auditors performed physical counts of Tether's gold bar holdings during the review.
- The completion fulfills Tether's long-standing promise to secure an independent audit.
Tether has finalized a comprehensive audit of the reserves backing its flagship $180 billion USDT stablecoin, according to reports from CoinDesk. The milestone fulfills a major operational promise that the digital asset issuer had pledged to market participants for years.
The detailed financial examination was conducted by KPMG U.S., which thoroughly inspected the company's accounting records. The firm's work was aimed at verifying that the issuer holds sufficient backing for all circulating USDT tokens.
In addition to auditing digital ledgers and traditional financial holdings, KPMG examiners physically audited Tether's precious metal reserves. The process included hand-counting physical gold bars held in storage to confirm their existence and value.
The completion of this independent review comes after prolonged industry scrutiny over stablecoin reserve backing. By securing an audit from a major accounting institution, Tether seeks to provide definitive evidence of its financial solvency and solidify trust across the digital asset sector.
Frequently asked questions
- Which firm performed the audit for Tether?
- KPMG U.S. conducted the formal examination of Tether's books and reserves.
- Did auditors inspect physical assets during the examination?
- Yes, KPMG U.S. examiners verified financial ledgers and physically counted Tether's gold bars.
- Which asset was covered in the audit?
- The audit verified the financial reserves backing the $180 billion USDT stablecoin.
Source & transparency
- By:
- The Reviser Desk
- Source:
- CoinDesk
- Original publication:
- Aug 13, 2026, 6:26 PM
- The Reviser publication:
- Aug 13, 2026, 6:26 PM
- Updated:
- Aug 13, 2026, 6:31 PM
This report was independently written by The Reviser editorial desk from verified source material. It is not original on-the-ground reporting by The Reviser.
Related stories
PRIVATE STABLECOIN LAUNCHED
Miden Launches USDCx to Enable Private Stablecoin Transfers
AI summaryMiden has introduced USDCx, a privacy-focused stablecoin token designed to conceal wallet balances, transfer histories, and counterparty details. The asset integrates selective disclosure capabilities to help users fulfill regulatory compliance obligations.
TRAPPED CAPITAL & TOKENIZATION
How Tokenization Solves Market Settlement Friction: LMAX
AI summaryLMAX Group executive Jenna Wright has highlighted that financial market breakdowns often stem from capital trapped in rigid settlement cycles rather than an absolute lack of liquidity. Writing in CoinDesk, Wright pointed to stablecoins and real-world asset tokenization as modern infrastructure capable of aligning capital velocity with rapid market repricing.
SECURITIZE DROPS 20% ON EARNINGS
Securitize Shares Drop 20% After First Public Earnings Miss
AI summarySecuritize experienced a 20% stock drop following its first earnings release as a public company due to lower-than-expected tokenization revenue. The slump occurred despite the firm achieving record levels of tokenized assets and heightened trading volumes during the period.
CRYPTO ADVICE GAP EXAMINED
CoinDesk Briefing Examines Digital Asset Advice Gap
AI summaryCoinDesk delivers Crypto for Advisors, a weekly newsletter designed to assist wealth managers with digital assets. Published every Thursday, the resource addresses the expanding crypto advice gap within financial management.