Tether said KPMG U.S. completed an independent audit of TG Commodities’ financial statements for the year ended December 31, 2025, and issued an unqualified opinion. TG Commodities issues Tether Gold (XAU₮). The announcement was reported by PANews on November 12, 2026, at 21:11 UTC+8.
According to the report, the audit confirmed that XAU₮ was fully backed by allocated physical gold. At December 31, 2025, TG Commodities held 520,089.350 troy ounces of gold, valued at $2.246 billion, against 520,089.300 XAU₮ in circulation. The gold was held in Swiss vaults and met London Good Delivery standards.
The reported opinion concerns the issuer’s financial statements for that financial year; it should not be read as a statement about holdings or circulation after December 31, 2025.