According to CoinMeta, the financial statements of Tether Gold (issued by XAUT through TG Commodities) have undergone an independent audit by KPMG USA and received an unqualified opinion. The audit confirmed that XAUT is fully backed by physical gold. As of December 31, 2025, TG Commodities held 520,089.35 troy ounces of allocated gold, valued at approximately $2.246 billion, which corresponds to 520,089.3 XAUT that were issued. KPMG conducted a physical count of each gold bar supporting XAUT, and the relevant gold is stored in a Swiss vault, meeting the London Good Delivery Standards.