Tether Limits Exposure to Seized EQIBank Assets

Tether has capped its exposure to EQIBank at around $64 million following a U.S. authorities' seizure of roughly $89 million in assets linked to the Dominica-licensed bank.

The exposure represents less than 0.034% of Tether's total group assets, which stood at $187.75 billion as disclosed in June.

EQIBank has stated that the seized assets account for about 80% of its monetary assets and could potentially force the bank into liquidation.