Tether Gold issuer completes KPMG 2025 annual financial audit
Original headlineTether Gold 发行方完成毕马威 2025 年度财务审计
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KPMG US completed an unqualified audit of TG Commodities, the issuer of Tether Gold (XAU₮), for the fiscal year ending December 31, 2025, marking the first such annual financial statement audit for the gold-backed token. As of year-end, the issuer held 520,089.350 troy ounces of physical gold valued at $2.246 billion against 520,089.300 XAU₮ tokens in circulation, with the bullion stored in Swiss vaults and meeting London Good Delivery standards. The audited statements confirm XAU₮ is fully backed by allocated physical gold, following KPMG's earlier audit of USDT issuer Tether International in August. The clean opinion strengthens Tether's reserve transparency claims across its token lineup and sets a precedent for audited commodity-backed digital assets.
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Named in this story
Tether Gold, TG Commodities, KPMG, Tether, Switzerland