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KPMG completes audit of Tether Gold reserves backing XAUT tokens

KPMG has completed an audit of Tether Gold, confirming that 520,089 ounces of allocated gold backed the same number of XAUT tokens at the end of 2025. Tether reported that the auditor issued an unqualified opinion after physically inspecting every gold bar.

A large stack of fine gold bars with purity and weight markings.
Image: @TheBlockCo

Accounting firm KPMG has completed an audit of Tether Gold, verifying that 520,089 ounces of allocated physical gold backed 520,089 XAUT tokens as of year-end 2025. Cointelegraph reported the audited reserves carry an estimated value of $2.25 billion, marking XAUT as the second Tether stablecoin to complete an audit conducted by a Big Four accounting firm.[1][2][4]

According to Tether, as reported by The Block, KPMG U.S. audited the token issuer's 2025 financial statements and issued an unqualified opinion. Tether stated that the auditing team physically counted and inspected each gold bar backing the circulating tokens.[3]

Key facts

  • KPMG completed an audit of Tether Gold verifying that 520,089 ounces of allocated gold backed 520,089 XAUT tokens at year-end 2025.
  • Tether reported that KPMG U.S. issued an unqualified opinion on the issuer's 2025 financial statements.
  • Tether stated that the auditor physically counted and inspected every gold bar backing XAUT.
  • Cointelegraph reported the audited gold bars backing XAUT were valued at $2.25 billion.
  • XAUT is Tether's second stablecoin to complete a Big Four audit, according to Cointelegraph.

Sources 路 4 sources

  1. CB

    Crypto Briefing@Crypto_BriefingPost on X 路

    馃煛JUST IN: KPMG has completed an audit of Tether Gold, confirming 520,089 ounces of allocated gold backed 520,089 XAUT tokens at year-end 2025. https://t.co/BUsvT4w2BI

    Open source
  2. CO

    Cointelegraph@CointelegraphPost on X 路

    馃敟 JUST IN: KPMG has completed an audit of Tether鈥檚 $2.25B gold bars backing $XAUT. $XAUT becomes Tether鈥檚 second stablecoin to complete a Big Four audit. https://t.co/z67FGpxy5e

    Open source
  3. TB

    The Block@TheBlockCoPost on X 路

    THE BLOCK: Tether said KPMG U.S. completed an audit of its gold token issuer's 2025 financial statements, issuing an unqualified opinion. The auditor physically counted and inspected every gold bar backing $XAUT, according to Tether. https://t.co/K3kRT42Fgs

    Open source
  4. CB

    Crypto BriefingArticle 路

    Tether Gold completes KPMG audit with $2.2 billion in gold backing The audit enhances trust in tokenized commodities, potentially boosting institutional adoption and setting a precedent for transparency in crypto. The post Tether Gold completes KPMG audit with $2.2 billion in gold backing appeared first on Crypto Briefing .

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