Tether’s first audit sparks more queries; stablecoin card volume soars

Homepage > News > Business > Tether’s first audit sparks more queries; stablecoin card volume soars Hell has frozen over as the world’s largest stablecoin issuer finally completed an audit, although Tether’s refusal to release the report has some suggesting there may be less here than meets the eye. Tether hails first audit, claims critics were wrong all along Tether critics not ready to admit defeat Tether ownership still a black box Stablecoin-linked card volume soars Mastercard’s BVNK acquisition has Visa looking for new stablecoin partner On August 14, Tether announced the completion of what it called the “largest inaugural financial audit in history.” The audit, conducted by KPMG, examined the financial statements of Tether International, S.A. de C.V. for the year ending December 31, 2025. For accuracy’s sake, we’re going to quote at length from Tether’s PR regarding the audit. Tether says KPMG issued “an unqualified audit opinion” of its financial statements and the documents “present fairly, in all material respects, the financial position of the Company as of December 31, 2025, and the results of its operations and its cash flows for the year ended in accordance wi...