Tether Reports Minimal Exposure to EQIBank Following U.S. Asset Seizure
What happened
On September 26, 2026, Tether disclosed that its exposure to EQIBank is less than 0.034% of its total assets following a U.S. federal asset seizure.
The Context
- Limited exposure: Tether's relationship with EQIBank is minimal, representing less than approximately $64 million of its $187.75 billion in assets.
- Regulatory backdrop: The U.S. Department of Justice is pursuing forfeiture of around $84.2 million linked to EQIBank's payment processor, Capstone Ltd.
- Market stability: Despite the seizure, USDT maintained its dollar peg, with Tether reporting a reserve surplus exceeding $4 billion.
The Number
— This figure represents Tether's maximum reported exposure to EQIBank, highlighting the company's efforts to mitigate risks associated with traditional banking relationships.
Takeaway
As Tether navigates regulatory challenges, its minimal exposure suggests ongoing stability for users and investors alike.
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