Tether confirms minimal EQIBank exposure following $89M US asset seizure
While Tether’s stated ceiling places its maximum exposure under $64 million, the incident underscores lingering counterparty risks in fiat gateway networks.
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Summary
- Tether said its exposure to EQIBank, a Dominica-licensed lender caught in a U.S. asset seizure, amounts to less than 0.034 percent of its total assets.
- Based on Tether’s reported $187.75 billion in assets, its exposure could be roughly $64 million, though the company did not disclose an exact figure.
- The seizure reportedly affected about $89 million, or 80 percent, of EQIBank’s monetary holdings, highlighting counterparty risks for stablecoin issuers but posing no apparent immediate threat to USDT’s reserves or dollar peg.
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As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters:
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
