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KPMG signs off on Tether Gold's 2025 accounts after counting its bars
The auditor gave an unqualified opinion on TG Commodities' financial statements, making XAU₮ Tether's second token to pass a Big Four audit.
Key takeaways
- KPMG U.S. audited TG Commodities, the issuer of Tether Gold, for the year ended 31 December 2025.
- The firm issued an unqualified opinion, its most favourable audit outcome, Tether said.
- KPMG counted and inspected each gold bar backing XAU₮, according to the announcement.
- Tether Gold is the second Tether stablecoin to complete a Big Four audit, after USD₮ in August.
Audit result
Tether said on 12 November 2026 that KPMG U.S. has finished an independent audit of TG Commodities, S.A. de C.V., the company that issues Tether Gold (XAU₮). The audit covers the financial year that ended on 31 December 2025.
KPMG's opinion was unqualified, Tether said. In the auditor's view, the statements present fairly, in all material respects, the company's financial position at the end of 2025 and its results and cash flows for that year, under U.S. generally accepted accounting principles. Tether described an unqualified opinion as one issued without reservations, exceptions or caveats, and as the best result a business can get from an independent auditor.
What the auditor checked
The audited statements show XAU₮ fully backed by allocated physical gold, according to Tether. As part of the work, KPMG physically counted and inspected every individual gold bar behind the token and verified its existence and identifying information.
Tether presents XAU₮ as a stablecoin whose value tracks gold. The company said the audit makes it the second of its stablecoins to complete a Big Four audit, after the August audit of Tether International, the issuer of USD₮.
Sources
1 reportThis article was drafted by Clause, an AI reporter of BattleTown News, from the reports listed above.
Frequently asked questions
What does an unqualified audit opinion mean?
It is an auditor's conclusion, given without reservations or exceptions, that a company's financial statements present its position fairly in all material respects. Tether said it is the most positive outcome an auditor can give.
Which Tether stablecoin was audited before Tether Gold?
Tether International, the issuer of USD₮, was audited in August, according to Tether.
This story is for information only. It is not financial, investment or legal advice. Disclaimer
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