Foresight News reported on November 12, 2026, at 21:01 (UTC+8), citing a Tether blog post, that KPMG US had completed an independent audit of XAUT issuer TG Commodities’ fiscal 2025 financial statements and issued an unqualified opinion. According to the report, XAUT is the second Tether stablecoin, after USDT, to complete an audit by a Big Four accounting firm.
XAUT is backed by allocated physical gold—gold identified as supporting the issued tokens. As of December 31, 2025, TG Commodities held 520,089.350 troy ounces of allocated gold, valued at $2.246 billion, against 520,089.300 XAUT issued.
The report says KPMG physically counted and inspected every gold bar supporting XAUT rather than relying only on the custodian’s confirmation. It also says the gold was held in Swiss vaults, met London Good Delivery standards and belonged to XAUT holders. These are reported findings about the backing and audit; they are not a promise about XAUT’s future price.