đš TETHER EXPOSURE ALERT
Tether reportedly has funds at offshore bank EQIBank, which faces liquidation risk following a U.S. asset seizure, according to The Information.
But the reported exposure appears limited:
âą Under 0.034% of Tetherâs assets
âą Less than $64M based on its Q2 reserves report
âą Tether says the exposure is not material to its overall balance sheet
The headline sounds big.
The actual percentage is tiny.
Still, the situation raises a broader question: how much counterparty risk exists across stablecoin reserve structures? đ
Tether reportedly has funds at offshore bank EQIBank, which faces liquidation risk following a U.S. asset seizure, according to The Information.
But the reported exposure appears limited:
âą Under 0.034% of Tetherâs assets
âą Less than $64M based on its Q2 reserves report
âą Tether says the exposure is not material to its overall balance sheet
The headline sounds big.
The actual percentage is tiny.
Still, the situation raises a broader question: how much counterparty risk exists across stablecoin reserve structures? đ
