Tether Gold Issuer Completes KPMG 2025 Annual Financial Audit

On November 12, according to a Tether announcement, KPMG US has completed its audit of the financial statements for the fiscal year ending December 31, 2025, for TG Commodities, the issuer of Tether Gold (XAU₮), and issued an unqualified opinion.

Tether stated that during the audit period, KPMG individually counted and inspected the gold bars backing XAU₮. As of the end of 2025, the issuer held 520,089.350 troy ounces of physical gold valued at $2.246 billion, with 520,089.300 XAU₮ tokens issued during the same period. The gold is stored in Swiss vaults and meets London Good Delivery standards.

Tether noted that the audited financial statements indicate that XAU₮ is fully backed by allocated physical gold. KPMG previously completed its financial audit of Tether International, the issuer of USDT, in August this year.