KPMG and PwC will assist with Tether’s first-ever Big Four audit. The Financial Times reported that the crypto industry’s largest stablecoin issuer had signed on KPMG to conduct the audit. The outlet added that PwC would assist with preparing internal systems, citing sources familiar with the matter.
Tether, KPMG, and PwC did not respond to requests for comment. The 12-year-old stablecoin company, which boasted $10 billion in profits in 2025, announced the news on Tuesday but did not share the name of the auditing firm. The company described the audit as a defining moment for modern finance, given its scale and the unique mix of digital assets, traditional reserves, and tokenised liabilities.
The Financial Times reports that KPMG will conduct Tether’s first Big Four audit, with PwC assisting internal-system preparations for the engagement. The move underscores the crypto industry’s largest stablecoin issuer seeking formal external validation of its reserves and governance. Tether, a 12-year-old stablecoin company, did not disclose the auditing firm and did not respond to requests for comment.
The company previously posted $10 billion in profits in 2025 and described the audit as a defining moment for modern finance, given the scale and the mix of digital assets, traditional reserves, and tokenised liabilities. This milestone could shape regulatory expectations and transparency standards for stablecoins as they integrate with traditional finance.
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