Tether says KPMG physically inspected every gold bar backing XAUT as part of the issuer’s 2025 audit.
The November 12 announcement puts a useful number beside that claim: 520,089.350 fine troy ounces of allocated gold against 520,089.300 tokens at December 31, 2025. Tether says KPMG issued an unqualified opinion on TG Commodities’ annual financial statements under US accounting standards.
For holders, the distinction is how the backing was checked. According to Tether, the audit included counting the bars and checking their identifying details, rather than relying only on confirmations from the custodian. The gold is held in Switzerland; each token represents an ownership interest in specified bars.
The date matters when comparing this with a current reserve report. These are audited year-end 2025 figures, announced in November 2026, not a count of today’s gold or tokens. The announcement provides evidence about the custody behind the token; it does not fix the market price of gold.
Source: Tether, November 12, 2026.
https://tether.io/news/tether-gold-xaut-becomes-tethers-second-stablecoin-to-complete-a-big-four-audit/
#XAUT #TokenizedGold
The November 12 announcement puts a useful number beside that claim: 520,089.350 fine troy ounces of allocated gold against 520,089.300 tokens at December 31, 2025. Tether says KPMG issued an unqualified opinion on TG Commodities’ annual financial statements under US accounting standards.
For holders, the distinction is how the backing was checked. According to Tether, the audit included counting the bars and checking their identifying details, rather than relying only on confirmations from the custodian. The gold is held in Switzerland; each token represents an ownership interest in specified bars.
The date matters when comparing this with a current reserve report. These are audited year-end 2025 figures, announced in November 2026, not a count of today’s gold or tokens. The announcement provides evidence about the custody behind the token; it does not fix the market price of gold.
Source: Tether, November 12, 2026.
https://tether.io/news/tether-gold-xaut-becomes-tethers-second-stablecoin-to-complete-a-big-four-audit/
#XAUT #TokenizedGold
