TETHER SAYS KPMG COUNTED EVERY GOLD BAR — BUT CAN YOU ACTUALLY REDEEM ONE?

Tether Gold just passed a major credibility milestone
According to Tether, KPMG issued an unqualified audit opinion on the issuer's 2025 financial statements and physically inspected the gold bars backing $XAUT


At December 31, 2025, the issuer reported 520,089.350 fine troy ounces of gold against 520,089.300 XAUT in circulation
That's meaningful evidence of backing at a specific date — not proof of the exact reserves today

🔍 But there's another distinction most holders overlook
Owning gold-backed tokens doesn't mean you can redeem a fraction of a gold bar whenever you want
Under Tether Gold's terms, direct physical redemption requires verification and generally involves a full gold bar, with around 430 XAUT deposited and applicable fees


⚠️ For smaller holders, exchange liquidity, spreads and counterparty risk may matter more than physical redemption rights
An independent audit strengthens the backing story
Whether you can exit efficiently is a separate question

$XAUT #TokenizedGold #RWA