KPMG Signs Off on Tether Gold Issuer’s 2025 Books, Covering $2.2 Billion in Bullion
By Unchained
AI summary of the source article
KPMG's U.S. firm issued an unqualified audit opinion on TG Commodities' 2025 financial statements. TG Commodities issues Tether Gold, which held $2.246 billion in allocated gold covering outstanding XAUT tokens at year-end 2025.
Why it matters
CEO Paolo Ardoino stated he believes XAUT "is on track to become the first true competitor to the gold ETF market."
Key facts
- KPMG's U.S. firm gave TG Commodities, the issuer of Tether Gold (XAUT), an unqualified opinion on its 2025 financial statements.
- At the end of 2025, TG Commodities held 520,089.35 fine troy ounces of gold worth $2.246 billion covering 520,089.30 XAUT outstanding.
- Tether stated that KPMG counted and inspected each gold bar rather than relying solely on custodian confirmations.
Source excerpt · Unchained
The audit of TG Commodities, which issues the XAUT gold token, is a snapshot of one company on Dec. 31, 2025, and only Tether's announcement of it is public. The post KPMG Signs Off on Tether Gold Issuer’s 2025 Books, Covering $2.2 Billion in Bullion appeared first on Unchained .