Tether Gold Receives Clean KPMG Audit for $2.2B Physical Gold Backing

Tether Gold audit — Tether’s gold-backed stablecoin, XAUT, has received a clean audit opinion from Big Four accounting firm KPMG, confirming its $2.2 billion in physical gold reserves.

The audit, completed for the year ending June 30, 2026, involved KPMG physically counting and verifying the gold bars held in Switzerland that back the XAUT token. This marks the second Tether stablecoin, following the flagship USDT, to complete a full audit by a Big Four firm.

Tether Gold (XAUT) is a digital token where each unit represents ownership of one troy ounce of physical gold stored in a Swiss vault. The audit provides third-party verification that the token’s stated reserves are fully backed, addressing a key point of scrutiny for asset-backed stablecoins.

The successful audit for XAUT follows Tether’s earlier achievement of a clean audit for its USDT stablecoin from BDO in 2025. These moves are part of Tether’s broader effort to increase transparency and build trust with institutional and retail users.