2024

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<p class="is-style-lead">USDT stablecoin provider Tether passed the SOC2 audit, demonstrating its ability to secure customer data with strict measures.</p>
<p>The System Organization Control (SOC) 2 Audit Type 1 assesses a firm’s ability to manage customer data based on five crucial trust service principles: security, availability, processing integrity, confidentiality, and privacy.</p>
<p>The <a href="https://tether.to/en/tether-announces-completion-of-system-organization-control-soc-2-type-1-audit/" target="_blank" rel="noopener noreferrer nofollow">audit</a> also ensures Tether maintains a reliable network that efficiently resolves issues, processes data accurately and timely, limits data access to authorized individuals, and responsibly manages personal information.</p>
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   <p lang="en" dir="ltr">Tether Announces Completion of System Organization Control (SOC) 2 Type 1 Audit<a href="https://t.co/jIbrdx30wh" target="_blank" rel="noopener noreferrer nofollow">https://t.co/jIbrdx30wh</a></p>— Tether (@Tether_to) <a href="https://twitter.com/Tether_to/status/1774776203678814357?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">April 1, 2024</a>
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<p>You might also like: <a href="https://crypto.news/what-next-for-solanas-bome-price-after-2200-gains-in-march/" rel="noopener noreferrer nofollow"> What next for Solana’s BOME price after 2,200% gains in March? </a></p>
<p>The USDT provider has been under significant regulatory scrutiny recently. As the EU is set to adopt MiCA, which strictly regulates stablecoin offerings, <a href="https://crypto.news/okx-usdt-pairs-solana-meme-coins/" rel="noopener noreferrer nofollow">OKX</a> delisted all USDT trading pairs in the region. In February, Coinbase and Circle executives <a href="https://crypto.news/coinbase-circle-us-tether/" rel="noopener noreferrer nofollow">criticized</a> Tether, calling for the U.S. government to take legal action against the largest stablecoin provider.&nbsp;</p>
<p>However, Tether has been actively advocating for its strict compliance with security and anti-money laundering laws. Last month, the network <a href="https://crypto.news/tether-freeze-usdt-tech-scam/" rel="noopener noreferrer nofollow">blocked</a> $1.4 million USDT related to tech scams in the United States.</p>
<p>Achieving SOC2 compliance confirms that the company has effective IT controls for protecting systems and data. The network has also committed to undergo this audit annually.&nbsp;</p>
<p>Read more: <a href="https://crypto.news/tether-adds-8888-bitcoins-to-its-reserves-holding-more-than-75k-bitcoin/" rel="noopener noreferrer nofollow"> Tether adds 8,888 Bitcoins to its reserves, holding more than 75K Bitcoin </a></p>

Tether achieves SOC 2 security compliance, sets annual audit goal

crypto.news

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