Key points
- Tether Gold (XAUT) has completed an independent financial audit by KPMG U.S., receiving an unqualified opinion.
- The audit covered $2.246 billion in allocated physical gold backing 520,089.300 XAUT tokens at 31 December 2025.
- KPMG physically counted and inspected every gold bar, adding independent verification to Tether’s quarterly reserve reporting.
Tether Gold (XAUT) has completed a KPMG audit, making it Tether’s second stablecoin to receive a Big Four opinion.
At 31 December 2025, its issuer held $2.246 billion in gold backing 520,089.300 tokens.
“Two Tether stablecoins, two defining audits from a Big Four,” said Tether CEO Paolo Ardoino.
KPMG issued an unqualified opinion on the 2025 financial statements of TG Commodities, XAUT’s issuer.
“KPMG counted every single bar as part of its Tether Gold audit,” Ardoino said.
Auditors physically inspected each gold bar, verifying its existence and identifying details rather than relying solely on custodian confirmations.
The allocated gold is held in Swiss vaults, with each token representing ownership in specified gold bars.
The audit follows KPMG’s August 2026 opinion on Tether International, issuer of Tether’s US dollar stablecoin, USD₮.
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