KPMG issued an unqualified opinion on the financial statements of TG Commodities, the issuer of the gold-backed stablecoin Tether Gold, for the year ended December 31, 2025. At the end of the period, the company held 520,089.350 troy ounces of allocated gold valued at $2.246 billion against 520,089.300 XAUT tokens in circulation. The gold is stored in vaults in Switzerland, with each token representing an ownership interest in specific gold bars. Auditors physically counted and inspected every bar serving as backing for the token. The audit follows KPMG’s review of Tether International, the issuer of USDT, as Tether moves toward audits covering its entire business.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
