Tether faces liquidation risk at EQIBank, exposure under $64M
Summary
Tether has reported that it has funds trapped at the offshore bank EQIBank, which is facing liquidation risk following a US asset seizure, according to The Information. The company clarified that this exposure accounts for less than 0.034% of its assets, amounting to under $64 million based on its Q2 reserves report. This situation arises amid increasing regulatory scrutiny, as US enforcement actions against offshore banks catering to crypto clients have tightened, impacting liquidity and access for stablecoin issuers like Tether.
Tokens
$USDT
Analysis
Tether: Tether is the issuer of the USDT stablecoin, the largest by market presence in the digital asset sector. It manages reserves and maintains banking relationships to support operations and liquidity. In this news, Tether faces limited exposure to EQIBank amid the bank's challenges from a US asset seizure. EQIBank: EQIBank is a Dominica-licensed digital bank offering global services including multi-currency accounts, OTC trading, and custody to businesses and high-net-worth individuals. It has been impacted by US authorities seizing a large portion of its assets, prompting warnings about potential liquidation. This situation directly involves Tether's funds held at the bank. Regulatory Scrutiny: US enforcement actions against offshore banks serving crypto clients have increased, affecting liquidity and access for stablecoin issuers. Banking Partnerships: Tether maintains relationships with multiple international banks to support its reserve management and operational needs.
Categories
cryptomacro
Related sources
- https://decrypt.co/377171/tether-sued-freeze-42-4-million-usdt
- https://x.com/i/status/2103288655297003606
- https://thedefiant.io/news/regulation/tether-sued-42-million-usdt-freeze-before-seizure-warrant
- https://criptocurrencies.com/2026/09/16/tether-iran-oil-forfeiture/
- https://tether.io/news/tether-acknowledged-by-doj-for-support-in-61-million-seizure-linked-to-pig-butchering-fraud/
- https://u.today/tethers-stablecoin-goes-live-on-stellar
- https://bsky.app/profile/theinformation.com/post/3mwc7ax2lxj2b
- https://www.coinbird.com/cryptocurrencies/tether/news
- https://filecache.investorroom.com/mr5ircnw_eqbank2/1642/download/EQB%20MD%26A%20only%20Q2%202026%20SEDAR.pdf
- https://x.com/i/status/2103284612734517431
- https://en.cryptonomist.ch/2026/09/22/eu-stablecoin-regulation-tether/
- https://stockanalysis.com/quote/tsx/EQB/transcripts/594171-agm-2026/
- https://tether.io/news/
- https://btcusa.com/tag/usdt/
- https://bitquery.io/investigations/tether-blacklist-audit
- https://dm.linkedin.com/company/eqibank
- https://www.ad-hoc-news.de/boerse/news/nebenwerte/equity-bancshares-stock-gets-iowa-expansion-through-merger/70179470
- https://x.com/i/status/2103288951016665114
- https://eaglevirtual.com/leaderboard
- https://x.com/i/status/2103289061616304158
- https://www.offshorealert.com/eqibank-limited-v-usa-motion-for-return-of-property-us89m-seized-by-u-s-government/
- https://t.co/zkfKyxFuey
- https://www.offshorealert.com/dominica-licensed-eqibank-warns-of-liquidation-after-u-s-seizure-of-80-of-assets/