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via BeInCrypto · By BeInCrypto Editorial
Tether's Offshore Bank Just Froze its Funds: Is There a Risk for USDT?
BE
BeInCrypto Editorial(01:43 AM UTC)
1 min read
Tether (USDT) has funds trapped at an offshore banking partner, EQIBank, which is facing liquidation risk. A United States (US) asset seizure tied to the bank set that off.
Tether said the exposure is limited, representing less than 0.034% of its total assets. It has not disclosed a dollar figure or confirmed the report directly. However, it raises questions as to how much Tether is keeping…
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