Tether, the stablecoin issuer, says it has only "limited" exposure to EQIBank. Tether keeps some of its assets at EQIBank, and that bank has been connected to an $84 million seizure in the US. The report was published on September 25, 2026.
US prosecutors allege that a payments business moved hundreds of millions of dollars illegally and that EQIBank told it to do so. The report says the payments company moved the money on the bank's behalf. These are allegations from prosecutors. The report does not say a court has ruled on them.
Tether's answer is that it holds some assets at the bank and that its exposure there is limited. The report does not say how much Tether holds at EQIBank. It also does not say whether any Tether assets are part of the seizure or how Tether defines "limited". Those questions are still open.
For anyone already holding a perpetual position on Bitget, Bybit, MEXC or OKX, the report points to no direct change. It says nothing about funding rates, trading fees, margin rules or liquidity on these exchanges. The open question is the size of Tether's exposure. If Tether or the prosecutors release those figures, we will report them here.
Source: cointelegraph — Tether says it had ‘limited’ exposure to bank linked to $84M US seizure