Stablecoin issuer Tether Holdings Inc. kickstarts the second quarter of 2024 on a high note after completing its System Organization Control (SOC) 2 Type 1 audit.
What The Tether Audit Means?
In a published report, Tether announced the crucial security update which marks the beginning of a milestone for the cryptocurrency-based company. By this achievement, the USDT issuer is currently in its initial phase of becoming one of the top firms with the highest level of security obtainable.
For context, the SOC 2 Type 1 audit examination is a well-recognized standard in security compliance as it assesses the design of systems, tools, and strategies for keeping data and customers’ account safe amongst other internal controls. It was developed by the American Institute of Certified Public Accountants (AICPA) in 2010.
Tether believes that undergoing and completing this audit registers the company as a world-class leader and service provider that is committed to delivering secure experiences t
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