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Tether downplays impact of US seizure at banking partner EQIBank

CS
CoinDesk Staff
(02:32 PM UTC)
1 min read
OB
Verified byOlivia Bennett
Dominica-licensed offshore digital bank EQIBank faces potential liquidation following a $89 million U.S. asset seizure involving its payment processor. (EQIBank/Press)

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…

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CoinDesk Staff · CoinDesk

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