Tether Says EQIBank Exposure Below 0.034% After U.S. Seizure

Tether has confirmed that its exposure to EQIBank is below 0.034% of its total assets after U.S. authorities seized property linked to the bank's payment processor, Capstone Limited.

The company did not disclose its exact exposure, but based on its $187.75 billion in total assets as of June 30, it implies that Tether's exposure is below approximately $63.8 million.

A U.S. District Court order lists about $83 million from three accounts held in the name of Capstone Limited, and also lists about 1.18 million USDT from two cryptocurrency addresses, bringing the identified property to approximately $84.2 million at the token's dollar peg.