Tether disclosed that its exposure to EQIBank, a Dominica-licensed digital bank facing a U.S. asset seizure of $89 million, is less than 0.034% of its total assets, roughly $64 million. EQIBank's seizure involves about 80% of its monetary holdings, raising concerns about counterparty risks in stablecoin networks. Despite this, Tether stated there is no immediate threat to USDT's reserves or its dollar peg. This incident highlights the risks stablecoin issuers face due to reliance on third-party banks and payment processors.
The story on Tether's exposure to EQIBank comes as a backdrop to a cryptocurrency market where 30 of 50 major cryptocurrencies rose and 19 fell today. For readers following crypto markets, here is Pluang's market snapshot as of Sep 25, 2026 21:45 WIB: EOS gained 8.13% to Rp12.649 with a typical hold time of 87 days, ETC dropped 8.10% to Rp168.138 with 77% sell order activity, and ONE declined 5.97% to Rp43 with a balanced order activity near 50%.
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