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Tether Gold Reports Passing KPMG Audit of Its Gold Reserves

(5 hours ago) · 1 source · Summarized by CryptoBipto

Tether Gold has reportedly passed an audit conducted by KPMG, one of the Big Four accounting firms, covering its gold reserves. The audit is intended to verify that the token's gold holdings match its outstanding supply. The report raises questions about how Tether Gold compares to traditional gold investment vehicles in the United States.

WHY IT MATTERS

Think of Tether Gold as a digital receipt that claims to represent real, physical gold stored in a vault.

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SOURCES

  • beincrypto.com

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