Tether hires KPMG to audit its accounts ahead of US expansion

Tether/USDT

Tether engaged KPMG for its first comprehensive Big Four audit, with PwC preparing its internal systems. For over a decade Tether had published only quarterly reserve attestations; the audit came alongside its US push with USAT and a reported $15-20B fundraise.

• KPMG auditing USDT's $185 billion in reserves; first Big Four comprehensive audit (prior quarterly attestations from BDO Italia)
• USAT launched under 2025 GENIUS Act establishing first federal US stablecoin framework
• Tether pursuing $15-20 billion fundraise at $500 billion valuation; investor hesitation over regulatory risk and pricing