Tether Gold (XAU₮) Completes Audit, Becoming Tether's Second Stablecoin Audited by a Big Four Accounting Firm

November 12 — Tether announced that KPMG U.S. has completed an independent audit of the financial statements of TG Commodities (the issuer of Tether Gold) for the fiscal year ended December 31, 2025, and issued an unqualified opinion. The audit confirms that XAU₮ is 100% backed by allocated physical gold.

As of December 31, 2025, TG Commodities held 520,089.350 troy ounces of physical gold (worth US$2.246 billion), while the total XAU₮ in circulation at that time was 520,089.300 tokens. The gold is stored in Swiss vaults and meets London Good Delivery standards. This follows the completion of KPMG's audit of USDT issuer Tether International in August this year, making XAU₮ Tether's second stablecoin to receive an unqualified audit opinion from a Big Four accounting firm.