Tether: KPMG Audit Confirms $6.8B Reserve Surplus
Tether completes largest inaugural financial audit with KPMG, reserves exceed liabilities by $6.8B as Paolo Ardoino sets new stablecoin industry bar.
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Tether just closed the largest inaugural financial audit in stablecoin history with KPMG, proving reserves top liabilities by $6.8B while auditors physically counted every gold bar in the vaults. The move ends years of FUD that once required custom dice for every new attack, as no prior issuer had moved beyond basic attestations. Paolo Ardoino and the team now raise the bar for the entire sector, locking in Tether as the undisputed leader by every measurable standard.
Paolo Ardoino
@paoloardoinoPaolo Ardoino is the CEO of Tether (issuer of USDT), CTO of Bitfinex,