Tether hires KPMG as auditor ahead of US expansion

Tether is preparing for its first full financial statement audit, with KPMG engaged to conduct it and PwC helping ready internal systems.

The move is aimed at strengthening credibility ahead of a planned US expansion and a potential fundraising round, after past scrutiny over reserves, regulatory issues, and investor concerns around valuation and risk.

The audit would mark a major step up from Tether’s current monthly reserve attestations by BDO Italia. It also comes as the company positions itself for a more regulated US market, where stablecoin rules have tightened and Tether has launched a new compliant dollar-pegged product.