Tether Says EQIBank Exposure Is Minimal After US Asset Seizure

Tether said its exposure to EQIBank is less than 0.034 percent of total assets after a U.S. asset seizure involving the lender’s payment processor. The case underscores persistent counterparty risk across fiat banking networks used by stablecoin issuers, while offering no apparent immediate threat to USDT reserves or its dollar peg.