Update
Tether Gold Completes Full Audit by KPMG
Tether's gold-backed stablecoin, Tether Gold (XAUT), has completed its first full audit by KPMG, which found the token fully backed by physical gold. KPMG issued an unqualified opinion on the financial statements of TG Commodities, which issues XAUT, for the year ended December 31, 2025. The audit counted every single gold bar backing the token, rather than relying only on confirmations from custodians. Tether CEO Paolo Ardoino believes XAUT is on track to become the first true competitor to the gold ETF market.