Tether Says Exposure ‘Limited’ to Bank Tied to $84M US Seizure

Tether's willingness to name the counterparty at all is itself the notable part: reserve disclosures have long been criticized for opacity, and this statement answers a question before regulators or auditors force it. The unresolved gap is scale — "limited" without a figure leaves the market to judge exposure on the issuer's word alone, which is precisely the dynamic that has dogged its reserve reporting. Whether Tether quantifies the EQIBank position, and whether the case widens to other counterparties, is the open question.