Tether Gold audit receives unqualified opinion from KPMG
KPMG counted 520,089.350 fine troy ounces of gold in Swiss vaults, matching the 520,089.300 XAU₮ tokens in circulation as of Dec 31 2025.
Key takeaways
- 1KPMG issued an unqualified audit opinion for Tether Gold’s 2025 statements
- 2Audit verified 520,089.350 fine troy ounces of gold matching 520,089.300 XAU₮ in circulation
Tether announced that KPMG U.S. has completed an independent audit of the 2025 financial statements of TG Commodities, the issuer of Tether Gold (XAU₮), and issued an unqualified audit opinion.
During the audit KPMG physically counted and inspected every gold bar stored in Swiss vaults, verifying 520,089.350 fine troy ounces of allocated gold valued at $2.246 billion. The amount matches the 520,089.300 XAU₮ tokens in circulation as of 31 December 2025.
Tether Gold is a token that represents ownership of allocated physical gold, issued by TG Commodities and backed by the same reserves that underpin the USDT stablecoin. An unqualified opinion from a Big Four auditor provides third‑party confirmation that the token’s supply is fully collateralised, a factor that regulators and investors often scrutinise.
The clean audit should reinforce confidence among holders and may ease regulatory scrutiny of gold‑backed stablecoins. Market participants will watch for any further audits of Tether’s other products and for how the findings are reflected in future disclosures or compliance filings.
Reported and edited by the YourKhabri desk under our editorial policy. Nothing here is investment advice.