Tether Passes First Full Audit by KPMG with No Material Misstatements
KPMG has completed Tether's first full financial audit and found no material misstatements in the USDT issuer's reporting.
Tether has completed its first full financial audit. The review was conducted by KPMG, one of the Big Four accounting firms, according to a short news item from ForkLog.
The auditors did not identify any material misstatements in the USDT issuer's reporting.
The development matters because it moves Tether beyond partial attestations or reserves disclosures and provides a full audit opinion from a major global accounting firm. For the stablecoin operator, a clean result from KPMG may reduce concerns about the quality of its financial reporting.
ForkLog distributed the item via its dedicated short-news channel and the OneLiners section on its website.
Source: ForkLog