Tether says it had ‘limited’ exposure to bank linked to $84M US seizure
60-second summary
Tether says its exposure to EQIBank, the institution tied to an $84 million U.S. seizure, is “limited,” noting only a small portion of its reserves sits with the bank. Prosecutors allege the bank’s payments unit moved hundreds of millions at officials’ direction. The clarification aims to reassure investors, supporting stable Tether demand and broader stablecoin market confidence.
US prosecutors alleged that a payments business illegally transferred hundreds of millions of dollars at the direction of EQIBank, where Tether holds some assets.