Tether Reports Limited Exposure to EQIBank in $84M US Seizure Case

Tether said its exposure to EQIBank was limited after US prosecutors alleged that a payments business illegally transferred hundreds of millions of dollars at the bank’s direction. The case involves an $84 million seizure, while Tether confirmed that it holds some assets with EQIBank. The statement puts attention on Tether’s relationship with the bank without indicating the value of its holdings or detailing any losses. The allegations concern the payments business and the transfers described by prosecutors. Tether’s USDT is among the crypto assets linked to the report, although the source material does not identify any direct effect on the stablecoin or other digital assets. The information was reported by Cointelegraph on Sept. 25, 2026.