Tether confirms minimal EQIBank exposure following $89M US asset seizure
Why now
Thesis: Fiat gateway risks linger for stablecoin issuers
Catalyst to watch: Further seizures or reserve disclosures
Main risk: Counterparty failures could impair stablecoin backing
Why it matters
Even minimal exposure to seized banking assets signals counterparty risk in stablecoin fiat gateways, potentially undermining trust in reserve backing.
Details
While Tether's stated ceiling places its maximum exposure under $64 million, the incident underscores lingering counterparty risks in fiat gateway networks.
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- coindesk · 2026-09-25 14:32 UTC