marketNovember 12, 2026
KPMG Confirms Tether Gold Reserves of $2.25B
KPMG has completed its audit of the financial statements of TG Commodities, the issuer of the gold-backed XAUT token, for 2025 and issued an unqualified opinion. Specialists physically recounted the bars in Swiss vaults.
At the end of 2025, reserves stood at 520,089 troy ounces worth $2.25 billion. XAUT became the second Tether stablecoin after USDT whose issuer passed a full audit by a Big Four firm.
For holders and exchangers of XAUT, this means the token's gold backing has been confirmed by an independent review that included a physical count of the bars.