Tether Gold Passes KPMG Audit: Can It Beat America’s Biggest Gold Fund?

KPMG auditors reportedly counted the gold bar by bar. Every ounce matched. On Thursday, Tether Gold (XAU₮), a crypto token backed by that gold, got a clean bill of health. Now Tether wants Wall Street’s gold business. Its target is SPDR Gold Shares (GLD), America’s biggest gold fund. The catch is that most Americans cannot buy XAU₮ from Tether. What KPMG Found in the Swiss Vaults At the end of 2025, KPMG found 520,089.35 ounces of gold, worth $2.25 billion. Tether had issued 520,089.30 tokens. One token equals one ounce. The auditor gave an unqualified opinion , the cleanest result there is. Until this year, Tether had never had a full audit of any kind. Its CEO is already aiming higher.

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