Tether announces the completion of SOC 2 Type 1 audit

ChainCatcher news, according to official sources, Tether has announced the completion of its SOC 2 Type 1 audit. This is said to be a significant security update for the stablecoin issuer. The SOC 2 Type 1 audit is a security compliance standard established by the American Institute of Certified Public Accountants (AICPA). The SOC 2 Type 1 report is based on security, availability, processing integrity, and confidentiality, ensuring that Tether has robust IT controls in place to secure its systems, ensure accessibility when needed, and guarantee the confidentiality of information.