Tuesday, July 1, 2025
No Result
View All Result
Coin Digest Daily
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
No Result
View All Result
Coin Digest Daily
No Result
View All Result

Tether Successfully Completes ‘Gold Standard’ Security Audit – CryptoCurrencyNews

2 April 2024
in Blockchain
Reading Time: 2 mins read
0 0
A A
0
Home Blockchain
Share on FacebookShare on Twitter


Tether, one of many main stablecoin issuers, has introduced the completion of a System and Group Controls 2 (SOC 2) audit, marking the best degree of safety compliance achievable for a company. This impartial audit, developed by the American Institute of Licensed Public Accountants (AICPA), highlights Tether’s dedication to making sure a safe consumer expertise.

Paolo Ardoino, CEO of Tether, emphasised the importance of this compliance measure in assuring prospects that their belongings and knowledge are managed in an atmosphere adhering to the best requirements of information safety and knowledge safety. Ardoino highlighted Tether’s dedication to being essentially the most trusted and compliant stablecoin on this planet.

In keeping with its ongoing dedication to safety, Tether has pledged to endure annual SOC 2 audits to confirm that its safety practices persistently align with established requirements. The agency goals to attain SOC 2 Kind II certification by the top of 2025, which evaluates the effectiveness of inside controls over 12 months.

Tether’s flagship stablecoin, USDT, boasts a market capitalization exceeding $104 billion, making it the third-largest cryptocurrency by market capitalization after Bitcoin and Ether. The latest milestone of reaching a $100 billion market cap on March 4 displays a notable 9% year-to-date development.

Past stablecoins, Tether is venturing into new territories. The corporate plans to speculate roughly $500 million in establishing Bitcoin mining services in Uruguay, Paraguay, and El Salvador. With the purpose of rising its computing energy to characterize 1% of the Bitcoin mining community, Tether goals to broaden its direct mining operations to 450 MW by the top of 2025. The corporate’s method includes organising services inside movable containers to adapt to altering electrical energy costs.

Ardoino emphasised that Tether’s mining endeavors are targeted on gradual studying and development, with no rush to turn out to be the most important miner globally. This strategic growth aligns with Tether’s broader imaginative and prescient of innovation and resilience within the cryptocurrency ecosystem.

Featured Picture: Freepik

Please See Disclaimer



Source link

Tags: AuditCompletesCryptoCurrencyNewsGoldSecurityStandardSuccessfullyTether
Previous Post

Coinbase and Circle Challenge Basel Committee’s Stablecoin Regulations – CryptoCurrencyNews

Next Post

Burkett Financial Services buys Bitcoin via ETFs

Related Posts

New York Man Accused of Converting $1.7M Into Bitcoin
Blockchain

New York Man Accused of Converting $1.7M Into Bitcoin

1 July 2025
Exa Innovates with Multi-Agent Web Research System Using LangGraph
Blockchain

Exa Innovates with Multi-Agent Web Research System Using LangGraph

1 July 2025
TIME called Coinbase a disruptor
Blockchain

TIME called Coinbase a disruptor

30 June 2025
Artificial Intelligence Optimization (AIO): Enhancing AI System Performance
Blockchain

Artificial Intelligence Optimization (AIO): Enhancing AI System Performance

1 July 2025
Tokenised Trade Finance: Can Blockchain Finally Bridge India’s US $300 Billion Export-Credit Gap?
Blockchain

Tokenised Trade Finance: Can Blockchain Finally Bridge India’s US $300 Billion Export-Credit Gap?

30 June 2025
Bitcoin (BTC) Faces Limited Momentum Amid On-Chain Activity Slowdown
Blockchain

Bitcoin (BTC) Faces Limited Momentum Amid On-Chain Activity Slowdown

28 June 2025
Next Post
Burkett Financial Services buys Bitcoin via ETFs

Burkett Financial Services buys Bitcoin via ETFs

This One Thing Is the Secret to Higher Email Open Rates | Entrepreneur

This One Thing Is the Secret to Higher Email Open Rates | Entrepreneur

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Ethereum Reclaims $2,500 In Squeeze-Driven Rally – But Can It Hold?

Ethereum Reclaims $2,500 In Squeeze-Driven Rally – But Can It Hold?

28 June 2025
솔라나 레이어 2 코인 솔락시, 유니스왑 상장 출시… 지금 구매할 만한 유망 코인일까? | Bitcoinist.com

솔라나 레이어 2 코인 솔락시, 유니스왑 상장 출시… 지금 구매할 만한 유망 코인일까? | Bitcoinist.com

24 June 2025
$304M Raised, 20 Listings Locked – BlockDAG’s Plan Is Set, TAO and Pi Downtrend

$304M Raised, 20 Listings Locked – BlockDAG’s Plan Is Set, TAO and Pi Downtrend

16 June 2025
Why is Crypto Crashing? Dust Settles Over SOL and ETH After Musk Storm

Why is Crypto Crashing? Dust Settles Over SOL and ETH After Musk Storm

7 June 2025
Ethereum Price To Resume Downtrend? Market Expert Identifies Bearish Chart Setup | Bitcoinist.com

Ethereum Price To Resume Downtrend? Market Expert Identifies Bearish Chart Setup | Bitcoinist.com

23 June 2025
Altcoin Exchange Flows Dip Below $1.6B – History Points To Incoming Rally | Bitcoinist.com

Altcoin Exchange Flows Dip Below $1.6B – History Points To Incoming Rally | Bitcoinist.com

28 June 2025
Bitcoin Holds Above $106,000, But Apparent Demand Cools To Negative Levels | Bitcoinist.com

Bitcoin Holds Above $106,000, But Apparent Demand Cools To Negative Levels | Bitcoinist.com

1 July 2025
SEC approves Grayscale Index ETF conversion, clears Solana, XRP, Cardano for spot trading

SEC approves Grayscale Index ETF conversion, clears Solana, XRP, Cardano for spot trading

1 July 2025
Is Earning $2,567 Daily Real? A Quick Guide to Mining Bitcoin with MiningToken

Is Earning $2,567 Daily Real? A Quick Guide to Mining Bitcoin with MiningToken

1 July 2025
The One Big Beautiful Act Passes In The U.S. Senate — Without Bitcoin Tax Amendment

The One Big Beautiful Act Passes In The U.S. Senate — Without Bitcoin Tax Amendment

1 July 2025
Blackrock Powers Bitcoin ETFs to 15th Straight Inflow Day – Markets and Prices Bitcoin News

Blackrock Powers Bitcoin ETFs to 15th Straight Inflow Day – Markets and Prices Bitcoin News

1 July 2025
Kraken Elected as Super Representative on the TRON Network

Kraken Elected as Super Representative on the TRON Network

1 July 2025
Facebook Twitter Instagram Youtube RSS
Coin Digest Daily

Stay ahead in the world of cryptocurrencies with Coin Digest Daily. Your daily dose of insightful news, market trends, and expert analyses. Empowering you to make informed decisions in the ever-evolving blockchain space.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITEMAP

  • About us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$105,898.00-1.37%
  • ethereumEthereum(ETH)$2,409.05-3.50%
  • tetherTether(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.18-4.39%
  • binancecoinBNB(BNB)$646.66-1.78%
  • solanaSolana(SOL)$146.58-6.24%
  • usd-coinUSDC(USDC)$1.000.00%
  • tronTRON(TRX)$0.278751-0.26%
  • dogecoinDogecoin(DOGE)$0.158638-4.59%
  • staked-etherLido Staked Ether(STETH)$2,407.69-3.39%