The SOC 2 audit assesses Tether's capability to manage customer data based on important trust service principles like security, availability, processing integrity, confidentiality, and privacy. This audit also ensures that Tether operates a reliable network, resolves issues efficiently, processes data accurately and timely, limits data access to authorized individuals, and manages personal information responsibly.

Tether has been facing heightened regulatory scrutiny recently due to upcoming changes in the EU's regulations on stablecoin offerings. OKX has delisted all USDT trading pairs in the region, and in February, Coinbase and Circle executives criticized Tether, urging U.S. government intervention.

Despite these challenges, Tether has been emphasizing its commitment to strict compliance with security and anti-money laundering laws. In a recent incident, the network blocked $1.4 million USDT linked to tech scams in the U.S.

Obtaining SOC 2 compliance indicates that Tether has effective IT controls in place to protect its systems and data. The company has pledged to undergo this audit on an annual basis. Tether has also added 8,888 Bitcoins to its reserves, bringing its total Bitcoin holdings to over 75,000.