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Tether Gold completes KPMG audit confirming full backing by physical gold, boosting trust in tokenized gold.

Market News
12 Nov 2026, 23:57 WIB
Kitco
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Bullish
Tether Gold completes KPMG audit confirming full backing by physical gold, boosting trust in tokenized gold.

Tether, the largest digital asset firm, announced that KPMG U.S. completed an independent audit of Tether Gold (XAU₮) for 2025, confirming it is fully backed by allocated physical gold. The audit involved physical inspection of every gold bar, enhancing trust in tokenized gold assets. This milestone supports Tether's goal to compete with gold ETFs by offering faster settlement, lower custody costs, and greater transparency via blockchain. Despite some fluctuations in gold reserves, Tether Gold's backing grew 59% in early 2026, signaling strong growth potential in the digital gold market, which the World Gold Council sees as poised for significant expansion.

Tether Gold's fully backed physical gold reserves are highlighted alongside Pluang's market snapshot. For readers following US stocks on Pluang, as of Nov 13, 2026 04:01 WIB, 30 out of 150 stocks rose while 120 fell. Notable movers include OPEN at USD 1.22 with a -10.62% change and a typical hold time of 34 days, PLUG at USD 1.24 down 8.86% with 78% buy order activity, and SPCE at USD 2.63 down 8.36% with 93% sell order activity.

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