Tether Gold (XAUT) has received its first audit from a Big Four firm: KPMG US issued an unqualified opinion on its 2025 financial statements, more than five years after the token’s launch. The news comes from Tether’s November 12 announcement, as reported by Crypto.news.
· For more than five years prior to this, XAUT’s disclosures were described in the report as limited.
· The “unqualified opinion” applies to the 2025 financial statements; the audit scope is not equivalent to real-time, item-by-item verification of gold reserves.
When evaluating gold tokens, do you look first at the type of audit opinion or how often reserve disclosures are updated?
· For more than five years prior to this, XAUT’s disclosures were described in the report as limited.
· The “unqualified opinion” applies to the 2025 financial statements; the audit scope is not equivalent to real-time, item-by-item verification of gold reserves.
When evaluating gold tokens, do you look first at the type of audit opinion or how often reserve disclosures are updated?
