KPMG US Completes Largest Tether Audit, Reserves $6.8B Above Liabilities
KPMG US has conducted the largest inaugural financial audit in Tether’s history, reporting reserves above liabilities by $6.814 billion.
USDT
KPMG US has issued a financial audit for Tether, described as the largest inaugural audit in the stablecoin issuer’s history.
The process included a physical count of every gold bar held in reserves. According to the reported figures, Tether’s reserves exceeded its liabilities by $6.814 billion.
The result provides a fresh data point on the coverage and composition of Tether’s backing assets.
Source: Cointelegraph