Tether confirms minimal EQIBank exposure following $89M US asset seizure
60-second summary
Tether confirms its exposure to EQIBank remains minimal, well below its $64 million ceiling, after U.S. authorities seize $89 million of the bank’s assets. The firm stresses that the seizure does not affect its stablecoin reserves, yet the episode highlights persistent counter‑party risk within fiat‑gateway networks, prompting investors to scrutinize liquidity safeguards and potentially tightening market confidence.
While Tether's stated ceiling places its maximum exposure under $64 million, the incident underscores lingering counterparty risks in fiat gateway networks.