According to CoinMeta, Tether announced the completion of its first comprehensive financial audit with KPMG, and the audit results showed that its reserves exceeded liabilities by $6.8 billion. This result has drawn widespread attention and discussion in the stablecoin industry. Tether's Chief Technology Officer, Paolo Ardoino, stated that this audit marks an important progress for the company regarding its reserve issues. Analyst Samson Mow pointed out that the audit not only included a physical count of Tether's gold reserves but also set higher standards for the stablecoin industry. Nevertheless, some industry insiders are concerned about Tether's other assets, believing that relying solely on gold reserves is not enough to completely dispel doubts about its financial condition. The results of this audit provide strong evidence for its supporters, but they have not managed to eliminate all skepticism.