Update
KPMG Completes Audit for XAUT Stablecoin
Tether announced that KPMG U.S. completed an independent financial audit of XAUT issuer TG Commodities, delivering an unqualified opinion on its 2025 financial statements. The audit verified more than $2.24 billion in physical gold reserves, with KPMG physically counting and inspecting every gold bar. The audited financial statements show 520,089.350 fine troy ounces of allocated gold, valued at approximately $2.246 billion, against 520,089.300 XAUT tokens outstanding as of Dec. 31, 2025. The precious metal is secured in Swiss vaults and meets London Good Delivery standards.