Originally reported by Foresight News on November 12, 2026, at 21:01:34 (UTC+08:00).
KPMG US completed an independent audit of the 2025 fiscal-year financial statements of TG Commodities, the issuer of Tether Gold (XAUT), and issued an unqualified opinion, according to a Tether blog post cited by Foresight News. The audit concerned the issuer’s financial statements; it was not merely a reserve attestation.
Foresight News reported that, as of December 31, 2025, TG Commodities held 520,089.350 troy ounces of allocated physical gold, valued at $2.246 billion, against 520,089.300 XAUT issued. According to the report, KPMG physically counted and inspected every gold bar backing XAUT rather than relying solely on custodian confirmations. The gold was held in Swiss vaults, met London Good Delivery standards and belonged to XAUT holders, the report said.
Foresight News also described XAUT as Tether’s second stablecoin, after USDT, to undergo a Big Four audit. That comparison is its characterization; the reported audit opinion here applies to TG Commodities’ 2025 financial statements.