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Home›Crypto›Market Structure›Tether confirms minimal exposure to EQIBank after $89M…

Tether confirms minimal exposure to EQIBank after $89M US seizure

CoinDesk says Tether’s stated exposure ceiling is under $64 million.

Reported · Written up by our desk · Market Structure

Tether has confirmed it has minimal exposure to EQIBank after US authorities seized $89 million in US assets linked to the bank, according to CoinDesk.

CoinDesk reports that Tether’s stated exposure ceiling places its maximum exposure below $64 million, highlighting counterparty risk concerns for fiat gateway networks.

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Sources

CoinDeskTether confirms minimal EQIBank exposure following $89M US asset seizure

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