Audit of Tether Gold Issuer's Fiscal Year 2025 Financial Statements Receives Unqualified Opinion
BIBIBI
AT A GLANCE
PANews reported that KPMG U.S. audited the financial statements of Tether Gold issuer TG Commodities for the fiscal year ended December 31, 2025, and issued an unqualified opinion.
Article
Tether Gold (XAU₮) Completes Audit, Becoming the Second Stablecoin Under Tether to Complete an Audit by a Big Four Accounting Firm
PANews November 12 message, Tether announced that KPMG U.S. has completed an independent audit of the financial statements of TG Commodities (the issuer of Tether Gold) for the fiscal year ended December 31, 2025, and issued an unqualified opinion. The audit confirmed that XAU₮ is 100% backed by allocated physical gold. As of December 31, 2025, TG Commodities held 520,089.350 troy ounces of physical gold (valued at 2246000000 USD), while the total amount of XAU₮ in circulation at that time was 520,089.300 tokens. The gold is stored in Swiss vaults and meets London Good Delivery standards. This is the second stablecoin under Tether to complete an audit by a Big Four accounting firm, following the August audit of USDT issuer Tether I...
Key points
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PANews reported that Tether announced that KPMG U.S. has completed an independent audit of the financial statements of TG Commodities for the fiscal year ended December 31, 2025, and issued an unqualified opinion.
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The report said the audit confirmed that XAU₮ is 100% backed by allocated physical gold.
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The report listed reserves as of December 31, 2025 as 520,089.350 troy ounces of physical gold, valued at 2246000000 USD; the total amount of XAU₮ in circulation at that time was 520,089.300 tokens.
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The report said the gold is stored in Swiss vaults and meets London Good Delivery standards.
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The report mentioned that this is the second stablecoin under Tether to complete an audit by a Big Four accounting firm, following the August audit of USDT issuer Tether; the remainder of the original text is truncated.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This news item introduces a financial audit of the issuer of Tether Gold (XAU₮). According to the report, the audit covers the fiscal year ended December 31, 2025; the reserve quantity and token circulation are both data as of that date and do not represent the current situation.
Why it matters to readers
The independent audit opinion and the reserve figures at the end of the reporting period can help readers understand the audit results and asset conditions at that time as described in the report, but cannot be used to confirm current reserves or token price performance.
XAU₮ is the token mentioned in the report. When understanding this type of reserve disclosure, one can note the entity covered by the audit, the reporting period, and the asset quantity, and distinguish end-of-reporting-period data from the current situation.
Risks and unknowns
The evidence does not provide the original audit report, so its audit scope and specific wording cannot be verified.
The main text of the report is truncated after mentioning the previous audit, and subsequent details are unknown.
The disclosed gold reserves and XAU₮ circulation correspond to data as of December 31, 2025, and current reserves or circulation cannot be confirmed.
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Related concepts
Unqualified opinion: the type of audit opinion described in the report; the evidence does not provide the original audit report or further definition.
This term is not in the glossary yet. Browse related concepts in the glossary.
View glossary →Troy ounces: the unit used in the report to express the weight of physical gold.
This term is not in the glossary yet. Browse related concepts in the glossary.
