KPMG issued an unqualified audit opinion on the 2025 financial statements of TG Commodities, the issuer of Tether Gold (XAUT), for the year ended December 31, 2025. The opinion means KPMG found the statements fairly presented the company’s financial position without reservations; it is not a claim about reserves at every later date.
At the end of 2025, the issuer held 520,089.350 troy ounces of allocated gold, valued at $2.246 billion, against 520,089.300 XAUT tokens in issue, according to Tether. Tether said KPMG physically counted and inspected every gold bar backing the tokens. The audit follows KPMG’s clean opinion on Tether International, the issuer of USDT, in August.
