Tether Downplays Exposure to Seized EQIBank Assets

Tether has addressed concerns over its banking relationship with EQIBank, an offshore financial institution linked to a U.S. asset seizure.

The company stated that its exposure to EQIBank is minimal, representing less than 0.034% of its total reserves.

The reported figure for the U.S. seizure varies between $84 million and $89 million, but the core development remains consistent: EQIBank's connection to a law enforcement action.