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Tether Completes First Full Audit
14 Aug
Summary
- Tether has completed its first full independent audit of financial statements.
- KPMG U.S. performed the audit for the El Salvador-based company.
- This move aims to reassure markets amid heightened scrutiny of crypto firms.
El Salvador-based Tether has recently undergone its first full independent audit of financial statements, as performed by KPMG U.S. This development marks a crucial step for the world's largest stablecoin issuer, which has long stated its intention to pursue such an audit.
The audit was completed as of the current date, August 14, 2026. Its completion addresses market concerns that have arisen due to heightened global scrutiny of cryptocurrency companies. While the audit report has not been made public, Tether's move is a significant effort to reassure investors and the broader market about its financial health and operational transparency.
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