Tether has confirmed that its exposure to EQIBank is limited, with the company’s stated maximum standing below $64 million, according to CoinDesk. The disclosure follows the seizure of $89 million in U.S. assets linked to the incident. While the stated exposure ceiling indicates a relatively contained direct position for the issuer of USDT, the case draws attention to the vulnerabilities that can remain within fiat gateway networks. These counterparties connect digital-asset markets with traditional financial systems, making their operational and financial stability relevant to market participants. Tether’s comments provide a defined upper limit for its EQIBank exposure but do not eliminate broader counterparty considerations surrounding access points between crypto markets and fiat currencies. The development is relevant to USDT watchers assessing the stablecoin issuer’s banking relationships and the potential impact of disruptions at financial intermediaries.
