Tether Gold (XAU₮) Becomes Tether’s Second Stablecoin to Complete a Big Four Audit
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AI summary of the source article
KPMG U.S. issued an unqualified audit opinion on the 2025 financial statements of TG Commodities, the issuer of Tether Gold (XAU₮). The audit confirmed XAU₮ is fully backed by allocated physical gold.
Why it matters
Tether's CEO stated XAU₮ is on track to become "the first true competitor to the gold ETF market, bringing more utility to the end user, from gold that can actually move and settle at the speed of light, to lower custody costs and higher transparency thanks to the blockchain technology."
Key facts
- KPMG physically counted and inspected every gold bar backing XAU₮, issuing an unqualified audit opinion for the year ended December 31, 2025.
- As of December 31, 2025, TG Commodities held 520,089.350 fine troy ounces of allocated gold valued at $2.246 billion against 520,089.300 XAU₮ in issue.
- The audit follows KPMG's unqualified audit of USD₮ issuer Tether International, announced in August 2026.
Source excerpt · Tether news
KPMG U.S. issues unqualified audit opinion on TG Commodities’ 2025 financial statements, following the audit of USD₮ issuer Tether International in August 12 November 2026 – Tether, the largest company in the digital asset industry, today announced that KPMG U.S. has completed an independent audit of the financial statements of TG Commodities, S.A. de C.V., […]