Tether Clarifies Minimal Exposure to Seized Offshore Bank EQIBank

Tether stated that less than 0.034% of its group assets are held at EQIBank, a Dominica-licensed institution currently facing US government seizures. While Tether did not disclose a specific dollar amount, reports suggest this exposure is less than approximately $63.8 million based on the company's second-quarter reserves. EQIBank, which claims that US authorities seized roughly 80% of its financial assets via accounts held at Capstone Ltd., is currently under enhanced supervision by regulators.