Tether Gold Gets Clean KPMG Audit Confirming $2.2B in Physical Gold Backing
Summary
Tether Gold (XAUT) completed its first full audit, with KPMG issuing an unqualified opinion on issuer TG Commodities’ 2025 financial statements. The audit found 520,089.350 troy ounces of allocated gold, worth $2.246 billion, backing 520,089.300 tokens. KPMG physically counted and inspected every bar held in Swiss vaults. This is Tether’s second audit by a Big Four firm, following a clean opinion on its USDT issuer; USDT still relies on quarterly attestations. Tether says the audits are part of its broader effort to audit the company’s operations.
