Tether Says EQIBank Exposure Is Below 0.034% After US Asset Seizure

Crypto Insight Summary: TL;DR Tether says assets held with offshore banking partner EQIBank represent less than 0.034% of its total group assets. U.S. authorities are seeking forfeiture of tens of millions of dollars tied to EQIBank payment processor Capstone. Tether says it had no knowledge of the conduct alleged by prosecutors and has not disclosed the exact amount […] Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Low exposure to EQIBank mitigates risk for Tether, but market may react cautiously.