Tether has disclosed its exposure to EQIBank as less than 0.034% of total assets. That follows concerns about EQIBank’s survival after a U.S. asset seizure that the bank says took about 80% of its monetary holdings. If Tether International’s asset base stands at $187.75 billion, that percentage implies exposure of less than roughly $63.8 million. Tether did not give an exact dollar figure, but it did give the market a ceiling on possible exposure while EQIBank is under pressure.
Tether says EQIBank exposure is under $63.8 million
Tether has disclosed its exposure to EQIBank as less than 0.034% of total assets.
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