KPMG Counts Every Gold Bar as Tether’s XAUT Clears $2.24 Billion Audit

The audit marks a significant accounting milestone for Tether, extending third-party assurance from its stablecoin operations to its tokenized gold product. XAUT is backed one-to-one by physical gold, and the KPMG sign-off gives institutional investors a verified figure for the reserves underpinning the token. The result matters because tokenized commodities are increasingly pitched to institutions that require audited backing rather than attestations. What to watch next is whether the audit cadence becomes recurring and whether other tokenized gold issuers follow with comparable Big Four assurance.