Tether Enlists KPMG for Comprehensive Audit of $185B USDT Reserves

Key Highlights KPMG has been engaged by Tether to perform a comprehensive audit of its $185 billion USDT reserve holdings PwC is working with Tether to ready its internal infrastructure in preparation for the comprehensive audit This comprehensive audit represents a significant step beyond Tether’s existing monthly attestation reports from BDO Italia Tether aims to expand operations in the United States while seeking to secure $15-20 billion in funding at a $500 billion company valuation This transparency initiative comes after the implementation of the GENIUS Act, establishing America’s inaugural federal regulatory structure for stablecoins The issuer of USDT, the world’s most widely-used stablecoin, has enlisted Big Four accounting giant KPMG to execute a comprehensive audit of its reserve assets. Additionally, PwC has been contracted to assist in preparing the company’s internal infrastructure, as reported by the Financial Times. Tether has selected KPMG to conduct a full audit of its approximately $185 billion USDT reserves and hired PwC to prepare its internal systems. The move comes as Tether plans a U.S. expansion and seeks to raise $15–20 billion amid investor concerns over pricing and regulatory… pic.twitter.com/4VG5zN0Bx5 — Wu Blockchain (@WuBlockchain) March 27, 2026 This development represents a watershed moment for an organization that has encountered persistent scrutiny regarding its financial openness throughout the past decade. With approximately $185 billion worth of USDT tokens in active circulation, the stablecoin plays a crucial role in cryptocurrency trading and ranks among the most significant institutional purchasers of United States Treasury securities. Historically, Tether’s financial reporting has consisted primarily of monthly attestation reports produced by BDO Italia. In contrast, a comprehensive audit conducted by KPMG would provide substantially more detailed scrutiny, examining asset holdings, liability structures, operational cont...