KPMG physically verified every gold bar backing Tether’s XAU₮

Tether Gold has received its first clean audit opinion from a Big Four firm. KPMG US examined the books of TG Commodities for the year ended 31 December 2025 and found no issues, confirming full compliance with U.S. accounting rules.

Unlike earlier reports that relied only on custodian statements, auditors this time counted and inspected every single bar in Swiss vaults. The inventory matched exactly: 520,089 troy ounces worth $2.246 billion, backing an identical number of XAU₮ tokens that each represent a direct claim on specific bars meeting LBMA standards.

CEO Paolo Ardoino said the result positions XAU₮ as a genuine rival to traditional gold ETFs. CFO Simon McWilliams noted the deliberate choice to start with the toughest assets first, setting a higher transparency bar for the rest of the tokenized-asset sector.

Based on information from cryptonews.net