Tether completes KPMG US's first comprehensive independent audit

Tether (Tether) announced on Thursday that it has obtained the first complete independent audit report on its financial statements from KPMG US. The El Salvador-based stablecoin issuer did not publicly disclose the specific contents of the audit report.
KPMG USA issued an "unqualified audit report", which means that the relevant financial statements "fairly reflect the company's financial position in all material respects" and "the relevant operating results and cash flows are in compliance with US Generally Accepted Accounting Principles (US GAAP)". Tether said this in a statement.