Tether stated its exposure to EQIBank is less than 0.034% of total group assets, capping potential losses at approximately $64 million based on June disclosures. The stablecoin issuer confirmed it was previously unaware of the conduct related to U.S. payment processor Capstone alleged by the Department of Justice. U.S. authorities seized roughly $89 million in assets from the Dominica-licensed bank, representing about 80% of its monetary assets and raising liquidation risks. EQIBank previously handled wire transfers for USDT purchases and redemptions, but Tether maintains the incident does not currently threaten USDT reserves or its dollar peg.