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Tether Gold passes KPMG audit with $2.2 billion in gold backing
Tether Gold has completed a clean audit by KPMG, confirming $2.2 billion in physical gold backing for the token. The check gives holders an independent look at what stands behind it.
Tether Gold has passed an audit by KPMG, one of the four largest audit firms in the world. The auditor found the token's backing clean and confirmed $2.2 billion in physical gold behind it.
The issuer had already followed a similar path with USDT, its stablecoin, which completed an audit by one of the Big Four firms. Taken together, the two audits show Tether putting its reserves under outside review.
Prices can be delayed by 15 minutes or more. Past moves say nothing about future ones.
A stablecoin is a digital token designed to hold a steady value, often by being tied to a currency or an asset such as gold. Audits do not guarantee future value, but they give users a way to check the reserves that support a token.
$1,000 in Gold
Had you put $ into Gold a month ago, it would be worth now.
From the prices in the chart, before any fees or taxes. Not a suggestion to buy or sell.
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