Tether Gold Receives First Big Four Audit with KPMG Confirming Full Backing of $2.25 Billion in Gold

Tether Gold (XAUT) has completed its first Big Four financial audit, with KPMG U.S. issuing an unqualified opinion on the token's 2025 financial statements, more than five years after the product's launch. The audit covered the $2.25 billion in physical gold bars backing XAUT, with KPMG auditors conducting a bar-by-bar physical count that confirmed every ounce matched the token's outstanding supply. The result makes XAUT the second Tether product to clear a Big Four audit, following a broader KPMG review of Tether's overall reserves.

The verified full backing removes a long-standing concern about tokenized commodity products, which have historically relied on limited periodic attestations rather than comprehensive independent audits. Industry observers say the clean opinion could accelerate institutional adoption of tokenized gold and sets a new transparency benchmark for crypto-backed commodity tokens more broadly.