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Mar 27, 2026

Tether Hires KPMG for First Full Audit of $184 Billion USDT Reserves

Stablecoin issuer Tether has hired Big Four accounting firm KPMG to conduct its first full independent audit of USDT reserves and brought in PwC to prepare internal systems, according to the Financial Times. The move comes as Tether pursues regulatory approval under the GENIUS Act and eyes a multibillion-dollar equity raise.

Mar 27, 2026·4 sources
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Top claims

  • ▪Tether issued USAT in January as a fully-regulated and GENIUS-Act compliant dollar-pegged stablecoin.
  • ▪Tether was hit with a $41 million fine by the CFTC in 2021 over misleading statements relating to USDT.
  • ▪Tether is seeking to raise $15 billion to $20 billion at a $500 billion valuation.

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PaymentsStablecoin regulationCrypto regulationCrypto regulatory frameworksStablecoins

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