For those following the Tether saga, not having an audit from one of the big four firms has always been a bit of a bugbear.

KPMG issued an unqualified audit opinion of Tether’s financial statements, meaning in KPMG’s opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2025, and the results of its operations and its cash flows for the year ended in accordance with U.S. generally accepted accounting principles. The audit complements Tether’s existing quarterly reserve reporting, examining the transactions, systems, ownership records, valuations, counterparties, and underlying evidence supporting the Company’s financial statements.

And you can be confident in Tether because this wasn't just any old audit, they actually counted each and every gold bear (unlike the gold bars held by a certain government at Fort Knox):

As part of the process, KPMG physically counted and inspected every individual gold bar held by Tether, verifying the existence and identifying information of each bar rather than relying solely on reports from custodians or counterparties.

I guess the audit is worth as much as the gold bars they inspected. Apparently, Tether has Loadsamoney:

Tether’s audited financial statements for the year ended 31 December 2025 report reserves exceeding the liabilities by $6.814 billion, confirming the quality of the public attestation reports.