What the Tether audit means for the crypto industry

Tether announced it has finally received the audit it had been promising for almost a decade, drawing celebration from traders and skepticism from critics. The article argues the audit is a step in the right direction and a notch above the quarterly reserve reports previously provided through BDO Italia, but it does not put all questions about Tether to bed. Reserve reports are characterized as little more than single snapshots into the company's financials, while an audit offers deeper scrutiny.