Tether confirms minimal EQIBank exposure after $89M US seizure

Tether confirmed it has minimal exposure to EQIBank after U.S. authorities seized $89 million in assets tied to the fiat gateway. While Tether's stated ceiling puts its maximum exposure to the network under $64 million, the incident underscores lingering counterparty risks in the fiat gateway channels stablecoin issuers rely on to move dollars on and off chain.