BULLISH· 75XAUT

Tether Gold Gets Clean KPMG Audit Confirming $2.2B in Physical Gold Backing

Originally reported by DecryptPublished 12 Nov, 21:25 ISTAI analysis 13 Nov, 08:01 ISTRead the original article

What happened — 5 key points

1KPMG issued an unqualified audit opinion on the 2025 financial statements of TG Commodities, the issuer of Tether Gold.
2The audit confirmed that 520,089 troy ounces of physical gold, valued at $2.246 billion, fully backed the 520,089 XAUT tokens in circulation.
3KPMG auditors physically counted and inspected every gold bar stored in Swiss vaults rather than relying solely on custodian confirmations.
4This represents Tether's second clean audit by a Big Four accounting firm following an audit of Tether International in August.
5Tether executives stated that these audits are part of an ongoing effort to bring full financial audits across the entire company.

Key takeaway

A clean audit from a major accounting firm helps address long-standing transparency concerns regarding reserve backing for tokenized assets.

Short-term impact (days–weeks)

BULLISH

Increased transparency could boost confidence among token holders in the coming weeks.

Medium-term impact (1–3 months)

NEUTRAL

Broader market trends and gold prices will likely dictate medium-term demand more than audit results alone.

This page summarizes and analyzes publicly reported news. Read the full story at the original source. AI-generated analysis — not financial advice.

What happened — 5 key points

1KPMG issued an unqualified audit opinion on the 2025 financial statements of TG Commodities, the issuer of Tether Gold.

2The audit confirmed that 520,089 troy ounces of physical gold, valued at $2.246 billion, fully backed the 520,089 XAUT tokens in circulation.

3KPMG auditors physically counted and inspected every gold bar stored in Swiss vaults rather than relying solely on custodian confirmations.

4This represents Tether's second clean audit by a Big Four accounting firm following an audit of Tether International in August.

5Tether executives stated that these audits are part of an ongoing effort to bring full financial audits across the entire company.