Circle, the USDC issuer, has successfully completed a System and Organization Controls (SOC) 2 Type 2 audit, demonstrating its commitment to data security. The audit, conducted in accordance with the guidelines of the American Institute of Certified Public Accountants (AICPA), provides a comprehensive view of Circle’s security protocols and operational efficiency.
Marlys Rodgers, the Chief Information Security Officer of Circle, stressed the importance of the SOC 2 Type 2 audit in showcasing the firm’s dedication to data security best practices. This achievement not only reassures stakeholders and consumers but also enhances Circle’s reputation and trustworthiness.
The SOC 2 Type 2 evaluation encompassed more than a hundred controls related to availability, confidentiality, and security. The positive outcome of the audit validates Circle’s commitment to maintaining secure operations and reinforces its adherence to quality standards for safeguarding customers’ personal and financial information.
In addition to bolstering its security measures, Circle has chosen France as its MiCA regulatory and operational headquarters. This strategic move allows Circle to expand its regulatory and operational presence in the EU, further solidifying its position in the market.
In other crypto news, Aark has raised $6 million in funding to accelerate the integration of LRT liquidity for high leverage trading.