Tether, the company behind the USDT stablecoin, has completed a financial audit by KPMG U.S. The audit, which Tether had long promised, examined the company's books and counted its gold bars. USDT currently has a market cap of $180 billion.
The audit's scope
The audit was performed by KPMG U.S., a major accounting firm. It looked at Tether's financial records and physically counted the company's gold bars. The exact findings of the audit have not been disclosed.
The stablecoin's size
USDT is the largest stablecoin by market cap, standing at $180 billion. The audit's completion comes as the company continues to operate at that scale.
