Tether completes ‘gold standard’ security audit

The independent audit represents the highest level of security compliance an organization can demonstrate.

Tether has announced the successful completion of the System Organization Control (SOC) 2 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 undergo annual SOC 2 examinations to ensure its security practices remain consistent with its standards.

The firm aims to achieve the SOC 2 Type 2 Certificate by the end of 2025, which assesses the effectiveness of Tether’s internal control over a period of 12 months.

Related: Tether boosts Bitcoin reserves with latest acquisition

This is a developing story, and further information will be added as it becomes available.