Tether has officially engaged KPMG to conduct an audit of its financial statements, as reported by Financial Times. This selection follows a competitive bidding process that was made public in March, although the specific audit firm was not initially revealed.
Additionally, PwC will assist Tether by enhancing its internal systems in preparation for this comprehensive audit of the USDT stablecoin. Tether aims to strengthen trust in its operations by affirming that USDT is fully backed by reserves, maintains high liquidity, and utilizes advanced risk management strategies.
"Tether Signs Big Four Firm to Complete First Full Audit, Setting a New Quality Standard for the Digital Asset Economy," said Tether in a statement on March 24, 2026.
This audit is seen as a pivotal move that not only bolsters confidence in Tether’s financial health but also aligns with its strategy for expansion within the U.S. market. In early 2023, Tether aimed to raise between $15 billion and $20 billion at a valuation of $500 billion, despite previous investor apprehensions regarding regulatory challenges.
