Tether Gold Issuer Completes KPMG 2025 Annual Financial Audit

TechFlow reported on Nov. 12 that, according to a Tether announcement, KPMG US has completed an audit of the financial statements of TG Commodities, the issuer of Tether Gold (XAU₮), for the fiscal year ended Dec. 31, 2025, and issued an unqualified opinion.

Tether said that during the audit, KPMG counted and inspected each gold bar backing XAU₮ one by one. As of the end of 2025, the issuer held 520,089.350 troy ounces of physical gold valued at $2.246 billion, while 520,089.300 XAU₮ were in circulation during the same period. The gold is stored in Swiss vaults and meets London Good Delivery standards.

Tether said the post-audit financial statements show that XAU₮ is fully backed by allocated physical gold. KPMG previously completed the financial audit of Tether International, the issuer of USDT, in August this year.

Source: TechFlow