Tether has completed its first full financial audit conducted by KPMG U.S., one of the Big Four accounting firms, for the year ending 2025. The audit confirmed that Tether's reserves backing its $180 billion USDT stablecoin exceed its liabilities by $6.814 billion, providing greater transparency amid long-standing concerns about the token's stability. This audit goes beyond previous quarterly attestations by thoroughly examining transactions, systems, and assets, including a physical inspection of gold bars. The completion of this audit addresses ongoing skepticism and marks a significant step in reinforcing confidence in USDT's financial backing.
KPMG completed its first full audit of Tether's 2025 financial statements, confirming reserves exceeded liabilities by $6.814 billion at year-end 2025. However, Tether's more recent Q2 2026 report shows the surplus has shrunk to $4.11 billion. This a...
Bolivian fintech Peso has partnered with Yango Food to allow users to pay for food delivery using USDT, a dollar-pegged stablecoin. This integration helps address Bolivia's dollar liquidity issues by enabling digital dollar transactions without requi...
Cryptocurrency market prices show a general downward trend with Bitcoin trading at $62,805, down 1.2%. Ethereum and Binance Coin also saw slight declines. Notably, UNI token dropped sharply by 10.8%, and BEAT fell by 32%. Some tokens like ATOM and VV...
The UK's Financial Conduct Authority (FCA) and crypto exchange HTX are reportedly in settlement discussions regarding HTX's illegal crypto promotions in the UK. This marks a significant step in the FCA's enforcement against unauthorized crypto market...
Tether has released nearly 80 new educational lessons for its open-source local AI platform, QVAC, which supports offline AI model execution across multiple operating systems. The update includes runnable code samples and introduces a music generatio...
