KPMG counted and inspected every gold bar backing Tether Gold ($XAUT ) as part of its audit. The detail I’d underline is the date.
Tether announced the result on November 12, 2026, but the audited balance sheet was dated December 31, 2025. On that date, the issuer reported 520,089.350 fine troy ounces against 520,089.300 tokens.
Seven years in insurance taught me to ask a second question. If a bar disappears tomorrow, who can file a claim, and under what policy? A bar count answers the question about reserves. The policy wording answers the question about reimbursement.
#TetherGold #CryptoInsurance
#ProofOfReserves
Write to Earn disclosure: I may earn Binance Square rewards from this post.
Tether announced the result on November 12, 2026, but the audited balance sheet was dated December 31, 2025. On that date, the issuer reported 520,089.350 fine troy ounces against 520,089.300 tokens.
Seven years in insurance taught me to ask a second question. If a bar disappears tomorrow, who can file a claim, and under what policy? A bar count answers the question about reserves. The policy wording answers the question about reimbursement.
#TetherGold #CryptoInsurance
#ProofOfReserves
Write to Earn disclosure: I may earn Binance Square rewards from this post.