Tether Gets KPMG Audit, Fulfilling 2017 Promise

This matters less as a clean bill of health than as the closing of a nine-year credibility gap: Tether's reserves have long been the market's most-cited opaque risk, and an unqualified opinion from a major auditor shifts the debate from whether the numbers exist to how they are structured. It affects every venue and protocol that treats USDT as collateral, since attestation-based trust has been the sector's default. The open question is whether this becomes a recurring, comparable disclosure or a one-off milestone.