Reported by Cointelegraph, Tether has announced the successful completion of a System and Organization Controls 2 (SOC) audit — the highest level of security compliance that an organization can demonstrate. The audit was developed by the American Institute of Certified Accountants (AICPA).
The audit underscored Tether’s commitment to offering a secure user experience, according to Paolo Ardoino, the CEO of Tether, who wrote in an April 1 announcement:
“This compliance measure assures our customers that their assets and data are managed in an environment meeting the highest standards for data protection and information security. This independent validation of security controls is vital for Tether, demonstrating our commitment to being the world’s most trusted and compliant stablecoin.”
Tether has committed to undergoing annual SOC 2 audits to ensure its security practices remain consistent with the standards.
The firm aims to achieve the SOC 2 Type II certification by the end of 2025, which assesses the effectiveness of Tether’s internal controls over a period of 12 months.
Tether
