Tether Reports Minimal Exposure to EQIBank Amid U.S. Asset Seizure
- Tether’s assets at EQIBank account for less than 0.034% of its total assets.
- The total group assets reported by Tether in June were $187.75 billion.
- Estimated exposure to EQIBank is approximately $64 million.
- EQIBank was involved in a U.S. asset seizure related to the payment processor Capstone.
- U.S. prosecutors allege that Capstone misrepresented its business activities.
Tether confirmed it had no prior knowledge of the alleged misconduct by Capstone, which has led to significant legal actions including asset seizures by U.S. authorities.
With less than 0.034% of its total assets exposed, Tether maintains a robust financial position despite the ongoing issues surrounding EQIBank and Capstone.(Source)
