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Tether Hires KPMG as Auditor Ahead of US Expansion, FT Reports

Tether Hires KPMG as Auditor Ahead of US Expansion, FT Reports

According to the Financial Times, Tether has hired KPMG for its first full audit of USDT and added PwC support as it prepares for U.S. expansion after years of BDO Italia attestations.

USDT

Fact Check
The claim is directly supported by a primary report from the Financial Times on March 26, 2026, which has been widely corroborated by other financial and crypto news outlets. The details regarding the shift from attestations to a full audit and the goal of US expansion are consistent across sources.
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Summary

According to the Financial Times, Tether has hired KPMG for its first full audit of USDT reserves and added support from PwC as it prepares for U.S. expansion. The reported move would mark Tether’s first formal full audit by a Big Four firm after years of relying on reserve attestations from BDO Italia. The planned review is expected to go beyond attestations by examining assets, liabilities, internal controls, and financial reporting, adding to Tether’s broader effort to strengthen oversight of its stablecoin operations.

Terms & Concepts
  • USDT: Tether’s dollar-pegged stablecoin, widely used in crypto trading and transfers as a digital token intended to track the U.S. dollar.
  • Stablecoin: A cryptocurrency designed to maintain a stable price, often by being linked to a fiat currency such as the U.S. dollar.
  • Audit: A comprehensive independent review of a company’s financial statements, records, and controls, broader in scope than a limited attestation.