Tether disclosed exposure to EQIBank, which is facing a US seizure related to payment processor Capstone Limited. The forfeiture case lists approximately $84.2 million in property, but the bank accounts are held in Capstone’s name, not Tether’s. As of June 30, Tether International reported $187.75 billion in assets and $183.64 billion in liabilities, leaving a $4.11 billion excess. Tether stated its exposure was less than 0.034% of group assets, providing no dollar balance or confirmation of a link to USDT reserves. The unresolved question is whether the seized funds include assets needed to meet USDT redemption requests.
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