KPMG COMPLETES AUDIT OF TETHER GOLD, CONFIRMING OVER 2.24 BILLION USD IN PHYSICAL GOLD RESERVES
Tether has released the independent 2025 financial statement audit for TG Commodities, the issuing entity behind gold-backed stablecoin Tether Gold (XAUT). Conducted by KPMG US, the audit concluded with an unqualified opinion, affirming that the financial statements fairly present the entity's financial position and cash flows in accordance with US GAAP standards.
The audited report documents that as of December 31, 2025, TG Commodities held 520,089.350 fine troy ounces of physical gold valued at approximately 2.246 billion USD, fully backing the 520,089.300 XAUT tokens in circulation. Beyond accounting reconciliation, KPMG auditors physically inspected and weighed individual gold bars held in Swiss vaults meeting London Good Delivery standards, complemented by independent quarterly metal sampling. Tether CEO Paolo Ardoino noted that direct on-chain settlement positions XAUT as a transparent digital alternative alongside traditional gold ETFs.
This unqualified opinion follows the August 2026 audited financial release for USDT issuer Tether International, placing both core Tether stablecoin lines under Big Four financial audits. Concurrently, BDO's quarterly attestation for USDT reported roughly 191.5 billion USD in total reserves as of September 30, 2026, maintaining an 8 billion USD excess buffer over liabilities alongside 1.5 billion USD in Q3 net operating profit.
DYOR. $PAXG $XAUT $XAU
Tether has released the independent 2025 financial statement audit for TG Commodities, the issuing entity behind gold-backed stablecoin Tether Gold (XAUT). Conducted by KPMG US, the audit concluded with an unqualified opinion, affirming that the financial statements fairly present the entity's financial position and cash flows in accordance with US GAAP standards.
The audited report documents that as of December 31, 2025, TG Commodities held 520,089.350 fine troy ounces of physical gold valued at approximately 2.246 billion USD, fully backing the 520,089.300 XAUT tokens in circulation. Beyond accounting reconciliation, KPMG auditors physically inspected and weighed individual gold bars held in Swiss vaults meeting London Good Delivery standards, complemented by independent quarterly metal sampling. Tether CEO Paolo Ardoino noted that direct on-chain settlement positions XAUT as a transparent digital alternative alongside traditional gold ETFs.
This unqualified opinion follows the August 2026 audited financial release for USDT issuer Tether International, placing both core Tether stablecoin lines under Big Four financial audits. Concurrently, BDO's quarterly attestation for USDT reported roughly 191.5 billion USD in total reserves as of September 30, 2026, maintaining an 8 billion USD excess buffer over liabilities alongside 1.5 billion USD in Q3 net operating profit.
DYOR. $PAXG $XAUT $XAU
