Tether completes SOC audit for gold standard, claims to be the most compliant stablecoin

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Tether CEO: Striving to Become the Most Compliant Stablecoin.

Tether CEO Paolo Ardoino stated:

This compliance measure ensures that our users can manage their assets and data in an environment with the highest standards of information security. This third-party independent verification is crucial for Tether, demonstrating our commitment to becoming the most trusted and compliant stablecoin in the world.

Tether also commits to undergoing annual SOC 2 examinations to ensure that its operations and security practices consistently meet the highest standards, and plans to obtain a SOC 2 Type 2 certificate by next year.

The SOC 2 Type 2 certificate attests that Tether meets standards in security, availability, confidentiality, privacy, and processing integrity, and has been operational effectively for 12 months.