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12.11.26 - 20:30
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"Counted Every Single Bar": Tether Gold Gets Clean KPMG Audit Confirming $2.2B In Physical Gold (ZeroHedge)
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"Counted Every Single Bar": Tether Gold Gets Clean KPMG Audit Confirming $2.2B In Physical Gold
Via Decrypt,Tether's gold-backed stablecoin, Tether Gold (XAUT), has completed its first full audit by KPMG, which found the token fully backed by physical gold, the company announced on Thursday.KPMG issued an unqualified opinion on the financial statements of TG Commodities, which issues XAUT, for the year ended December 31, 2025. An unqualified, or "clean," opinion means the auditor found that the statements fairly present the company's financial position, without reservations.Tether Gold (XAU₮) Becomes Tether's Second Stablecoin to Complete a Big Four AuditLearn more: https://t.co/eO0asUwvlI— Tether (@tether) November 12, 2026As of the end of 2025, TG Commodities held 520,089.350 troy ounces of allocated gold, valued at $2.246 billion, against 520,089.300 XAUT tokens in issue, according to Tether. The gold is held in vaults in Switzerland, and each token represents an ...
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12.11.26 - 10:06
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Singapore opens gold vault to foreign central banks in race to become Asia′s gold hub (SCMP)
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Singapore has opened its national gold vault to foreign central banks, a move analysts say will sharpen its head-to-head rivalry with Hong Kong for the title of Asia's leading bullion hub.
The Monetary Authority of Singapore (MAS) has announced that it would store gold for overseas central banks, international financial institutions and sovereign entities in its currency vault. The facility can hold 500 tonnes and has room for expansion.
Deputy Prime Minister Gan Kim Yong, who chairs the......
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