$XAUT Tether Gold Audit and Gold's Critical Threshold

XAUT is trading at $4,577, up 0.31% in the last 24 hours. Its intraday range is between $4,552 and $4,608, while its 24-hour trading volume is 12.67 million USDT.

Full Audit and Reserve Transparency

Tether Gold confirmed in a KPMG audit completed on August 13th that its reserves are fully backed by physical gold. KPMG physically counted and inspected each gold bar held by Tether, matching serial numbers with financial records to confirm the existence of the assets and their consistency with declared quantities. This audit represents a significant step forward in conducting a direct physical asset review rather than relying on third-party custodian reports.

The audit was conducted by KPMG US for Tether International's financial statements as of December 31, 2025, and resulted in an "unqualified opinion." This is the strongest assurance an independent auditor can provide. Tether CEO Paolo Ardoino described it as "a defining moment for the stablecoin sector." The audit showed that reserves exceed liabilities by $6.814 billion by the end of 2025. This figure differs from the $6.338 billion surplus reported in BDO's quarterly report for the same period; this difference may stem from different accounting frameworks (US GAAP and IFRS) and cannot be directly compared with publicly available information.

Technical Outlook and Critical Levels

Gold prices reacted upwards following the US Treasury Department's decision to double long-term bond repurchases, resulting in a nearly 10 basis point drop in 30-year Treasury yields. However, this move is not significant enough to fundamentally alter gold's underlying structure.

The $4,671 level stands out as a critical threshold that will determine whether the current rise is a trend reversal or a reaction within a larger decline. As long as we remain below this level, we consider any rise as a reaction within the main bearish scenario. Prices above $4,671 would require a reassessment of the structure. The $4,890 level is being monitored as the cancellation level for the main scenario.

For Gate users: XAUT, as a digital asset backed by physical gold reserves, has increased its transparency level through Tether's KPMG audit. Gold's reaction at the $4,671 level will be decisive in terms of direction in the coming days. Sustained price action above this level could bring the $4,890 target into play. However, current levels warrant caution, especially considering the volatility in the bond market and movements in the dollar index.

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