FT Reveals Tether’s Future Auditor from the Big Four

Tether hires KPMG for financial audit, reports FT.

The company Tether has engaged KPMG to audit its financial statements, according to FT, citing its own sources.

Sources indicate that the issuer of the stablecoin USDT will have its internal systems prepared for an independent review by another Big Four firm, PwC.

On March 24, Tether announced a competitively awarded agreement with a Big Four auditor but did not disclose the partner’s name.

Tether Signs Big Four Firm to Complete First Full Audit, Setting a New Quality Standard for the Digital Asset Economy

Read more: https://t.co/rtsB7l4nJL

— Tether (@tether) March 24, 2026

According to the press release, the move is intended to underscore confidence that:

• USDT is fully backed by collateral;
• has high liquidity;
• is managed using world-class risk management methods.

Tether stated that an institutional-level audit should serve as a signal for the entire industry. The company noted that other stablecoin issuers “settle for minimal transparency.”

FT journalists believe that a comprehensive financial review is intended to facilitate Tether’s planned business expansion in the US and attract funds. In February, the company attempted to raise $15-20 billion at a valuation of $500 billion but faced investor concerns about the risks, given past regulatory issues.

Tether assured that in recent years the firm has taken several steps to enhance trust:

• strengthened reserves, ensuring liquidity and conservative asset management;
• provided regular updates guaranteeing transparency of reserve composition data;
• actively collaborated with law enforcement worldwide, helping to identify illegal activities, freeze illicit funds, and protect users;
• implemented robust compliance and risk management systems, ensuring USDT’s status as a safe and reliable digital dollar.

Tether’s flagship token dominates the stablecoin segment with a total volume of ~$310 billion. USDT’s market capitalization exceeds $184 billion.

According to Artemis, in 2025 USDC surpassed Tether’s coin in total transferred value — $17.3 trillion versus $12.9 trillion.

In 2026, Circle’s stablecoin continued to lead in adjusted transaction volume.