Tether achieves SOC 2 security compliance, sets annual audit target

Tether’s USDT stablecoin receives top marks in security with a successful SOC2 audit.

Tether is proud to announce its successful completion of the rigorous SOC 2 Audit Type 1. But what exactly does this mean for clients?
This comprehensive audit evaluates the ability to uphold five crucial trust service principles: security, availability, processing integrity, confidentiality, and privacy.

But it doesn’t stop there. The audit also delves into the inner workings of the network, ensuring that they maintain a reliable infrastructure that can efficiently resolve any issues that may arise.

The USDT provider is currently facing intense regulatory attention. With the EU’s upcoming implementation of MiCA, a stringent law governing stablecoin offerings, OKX has made the bold move to remove all USDT trading pairs in the region.

But that’s not all – in a shocking turn of events, top executives from Coinbase and Circle have taken a stand against Tether, urging the U.S. government to take legal action against the leading stablecoin provider.

Tether, the leading cryptocurrency network, has been relentlessly championing strict adherence to security and anti-money laundering regulations. In a recent victory, the network successfully blocked a whopping $1.4 million of fraudulent USDT linked to tech scams in the US.

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Tether has gone above and beyond by achieving SOC2 compliance, solidifying their commitment to safeguarding systems and data. And they’re not stopping there – the network has pledged to undergo this rigorous audit every year.

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