Tether announces completion of SOC 2 Type 1 audit

BlockBeats news, on April 1, according to official news, Tether announced the completion of the SOC 2 Type 1 audit. It is reported that this is a major security update for the stablecoin issuer. The SOC 2 Type 1 audit inspection is developed by the American Institute of Certified Public Accountants (AICPA) ’s security compliance standards, the SOC 2 Type 1 report is based on security, availability, processing integrity and confidentiality, ensuring that Tether has strong IT controls in place to ensure that its systems are secure, can be accessed when needed and safeguard information of privacy.