By Elizabeth Howcroft

PARIS, Aug 14 (Reuters) - El Salvador-based Tether, which issues the world's largest ‌stablecoin, said KPMG U.S. had performed a "full ‌independent audit" of its financial statements for the first time.

The ​audit, which was not made public, marks a move by Tether to reassure markets about its finances following heightened global scrutiny of crypto companies.

Tether has ‌for years said ⁠that it would seek an audit.

• Tether's chief financial officer said audited financial ⁠statements for 2025 show its reserves exceeded its liabilities by $6.8 billion. The audit refers to "Tether International S.A. de ​CV" on ​December 31, 2025, ​Tether said.

• KPMG did ‌not immediately respond to a request for comment.

• "The audit complements Tether's existing quarterly reserve reporting, examining the transactions, systems, ownership records, valuations, counterparties, and underlying evidence supporting the Company's financial statements," Tether said.

• ‌Tether said KPMG physically counted ​every gold bar it held.

• ​Tether's website says ​it has issued around $183 billion in ‌crypto tokens pegged to the ​dollar. Tether ​says it holds dollar-denominated assets, including U.S. Treasuries, to match the number of tokens in ​circulation.

• Tether has ‌previously published "attestations" by BDO Italia on the ​size of its reserves.

(Reporting by Elizabeth Howcroft; ​Editing by Alexander Smith)