Tether Confirms Minimal EQIBank Exposure After Seizure

Tether said its assets at EQIBank, a Dominica-licensed lender hit by a U.S. asset seizure, are under 0.034% of its total assets, roughly $64 million of $187.75 billion. EQIBank says about $89 million, 80% of its monetary holdings, was seized, risking liquidation. Tether's USDT peg faces no immediate threat, but the case highlights counterparty risk in stablecoin banking networks.