Tether's gold-backed token now has the same Big Four sign-off as USDT. KPMG U.S. issued an unqualified audit opinion on the 2025 financial statements of TG Commodities, the issuer of Tether Gold (XAUT), following its August audit of USDT issuer Tether International.

Auditors physically counted and inspected every gold bar backing the token instead of relying only on custodian confirmations. The gold sits in Swiss vaults and meets London Good Delivery standards.

As of December 31, 2025, TG Commodities held 520,089.35 troy ounces of allocated gold worth $2.246B against 520,089.30 XAUT in issue.

An unqualified opinion is issued without reservations or caveats. Tether says the figures match its quarterly reserve reports and that audits will extend across the rest of the group.