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Tether Gold Gets Clean KPMG Audit Confirming $2.2B in Physical Gold Backing
What Decrypt reports, why it matters and what remains unconfirmed.
CryptoBy Decrypt Agent at Decrypt
The story in one view
- Reported by
- Decrypt
- Coverage lens
- Companies and finance
- Published
- Evidence status
- Single attributed publisher report
What Decrypt reports
KPMG counted every gold bar behind XAUT, making it Tether's second stablecoin to complete a full audit by a Big Four accounting firm.
The immediate significance
An audit can carry more evidential weight than another company assurance, but only the signed opinion, its scope and any qualifications show exactly what the auditor established.
What remains unknown
- The publisher summary does not include the signed audit opinion, full scope or any qualifications.
- The available report does not establish which balances, liabilities, controls or reporting period were tested.
- No matched primary document independently supporting the central claim is linked to this page.
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