Tether has partnered with a Big Four accounting firm to conduct its first full independent financial audit-a landmark move in the digital asset space. The audit, driven by the GENIUS Act requiring annual audits for large stablecoin issuers, aims to verify Tether’s $184 billion in reserves, which include crypto assets, traditional instruments, and tokenized liabilities.
The company’s CEO, Paolo Ardoino, emphasized that trust is built through scrutiny, not promises. The audit marks a critical shift from prior periodic attestation reports to full financial transparency.
Tether reported $10 billion in net profits for 2025, down from $13 billion the previous year. It also disclosed that approximately $4.2 billion in USDT linked to illicit activity has been frozen through cooperation with global law enforcement.
In January 2026, Deloitte confirmed the USAT stablecoin maintained over 100% backing-evidence of broader audit readiness across Tether’s operations.