CONNECT WITH US
Web3 & Blockchain

Web3 & Blockchain

Tether Gold (XAU₮) Completes Big Four Audit with KPMG Approval

Blockchain.News logo

Published on

Add as a preferred source on Google
Tether Gold (XAU₮) Completes Big Four Audit with KPMG Approval

KPMG U.S. issues an unqualified audit opinion for Tether Gold (XAU₮), confirming full backing by $2.246 billion in allocated physical gold.

Tether Gold (XAU₮), a stablecoin issued by TG Commodities, S.A. de C.V., has successfully completed an independent audit conducted by KPMG U.S., one of the Big Four accounting firms. The audit, covering the financial statements for the year ended December 31, 2025, resulted in an unqualified opinion, the highest level of assurance an auditor can provide. This marks Tether’s second stablecoin to achieve such a milestone, following the audit of USD₮ issuer Tether International in August 2026.

According to the audited financial statements, XAU₮ is fully backed by 520,089.350 fine troy ounces of allocated physical gold, valued at $2.246 billion as of December 31, 2025. Each XAU₮ token represents an undivided ownership interest in specified gold bars, which are stored in Swiss vaults and meet London Good Delivery standards. KPMG physically inspected and counted every gold bar, verifying their existence and identifying information, rather than relying solely on custodian confirmations.

An unqualified audit opinion indicates that KPMG found the financial statements to fairly represent the company’s financial position, operational results, and cash flows in accordance with U.S. generally accepted accounting principles (GAAP). This level of scrutiny provides transparency and assurance to XAU₮ token holders, from individual savers to institutional investors.

” Simon McWilliams, Tether’s CFO, highlighted the deliberate strategy of starting with the company’s largest and most complex assets, USD₮ and XAU₮, to set a new industry standard for financial scrutiny.


Source link
Related Topics:Web3 & Blockchain

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.