Tether funds stuck at EQIBank amid liquidation risk
- —Tether's EQIBank exposure is under 0.034% of assets, about $63.8 million
- —Tether's total assets stood at $187.75 billion as of end-June
- —EQIBank's assets were seized by US authorities; the bank faces liquidation
- —Recovery timing depends on US seizure procedures and the bank's response
Why it matters: The case highlights the risk of stablecoin issuers keeping reserves at partner banks facing legal and liquidity trouble.
Source: Blockmedia