Tether Estimates Exposure to EQIBank at Under $64 Million

Tether stated that its exposure to EQIBank, a Dominica-based bank facing asset seizures by U.S. authorities, is less than 0.034% of its total assets. Based on its June report of $187.75 billion in assets, this implies an exposure cap of approximately $64 million. EQIBank, which previously handled wire transfers for Tether, reported that $89 million of its assets were seized by U.S. prosecutors.