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Tether Says EQIBank Funds Make Up Less Than 0.034% of Assets
EQIBank, an offshore digital bank licensed in Dominica, faces liquidation risk after related assets were seized in the United States.
Tether has a limited amount of funds at EQIBank, an offshore digital bank licensed in Dominica that faces liquidation risk after related assets were seized in the United States.
Tether said its holdings at EQIBank represent less than 0.034% of the company’s total assets. The disclosure indicates that any impairment would affect only a small portion of Tether’s reported asset base.
EQIBank is licensed in Dominica, and related assets were seized in the United States.
