Tether Says EQIBank Exposure Below 0.034% of Group Assets

Tether's choice to frame the exposure as a share of group assets, rather than confirming or disputing the seized dollar figure directly, keeps the focus on materiality while leaving the underlying relationship opaque. The disclosure does not identify which assets or entities carry the exposure, so the practical question of how a court-ordered seizure interacts with reserves backing a stablecoin remains unanswered. Whether Tether provides that entity-level detail, or whether the gap between the two figures is clarified, is the open question.