Tether Successfully Passes ‘Gold Standard’ Security Audit

Tether, a leading stablecoin provider, recently announced the successful completion of the System Organization Control (SOC) 2 Audit. This audit, considered the highest level of security compliance, was developed by the American Institute of Certified Accountants (AICPA). Paolo Ardoino, the CEO of Tether, expressed the significance of this achievement, emphasizing their commitment to providing a secure user experience.

In a recent announcement, Ardoino stated that the SOC 2 Audit confirms Tether’s dedication to maintaining the highest standards for data protection and information security. This independent validation of their security controls is crucial in establishing Tether as the world’s most trusted and compliant stablecoin. The audit provides a sense of assurance to customers that their assets and data are managed in a secure environment.

To ensure ongoing security practices, Tether has committed to undergoing annual SOC 2 examinations. These examinations help ensure that their security measures remain consistent with their established standards. Tether aims to obtain the SOC 2 Type 2 Certificate by the end of 2025. This certificate evaluates the effectiveness of Tether’s internal control system over a 12-month period.

The completion of the SOC 2 Audit further strengthens Tether’s reputation in the cryptocurrency market. As an organization that places utmost importance on security, Tether has taken this opportunity to demonstrate their dedication to protecting user assets and information. By meeting the highest level of security compliance, Tether positions itself as a trusted and reliable entity in the stablecoin industry.

The SOC 2 Audit is an extensive examination that evaluates various aspects of an organization’s security controls. It assesses areas such as data privacy, system availability, and the overall integrity of controls. The fact that Tether has successfully completed this comprehensive audit highlights their commitment to ensuring the security of their platform.

While Tether has achieved the highest level of security compliance with the SOC 2 Audit, they are not resting on their laurels. The organization recognizes the importance of continuous improvement and aims to obtain the SOC 2 Type 2 Certificate. This further assessment will demonstrate the effectiveness of Tether’s internal control system over an extended period, providing additional confidence to their users.

Tether’s successful completion of the SOC 2 Audit showcases their commitment to offering a secure user experience. By receiving this independent validation of their security controls, Tether solidifies its position as the most trusted and compliant stablecoin. Their dedication to ongoing security practices and their aspiration to obtain the SOC 2 Type 2 Certificate further underscores their commitment to maintaining the highest standards of data protection and information security.