The Information: Tether Has Funds Stuck at EQIBank as Lender Faces Liquidation Risk The Information reported that some Tether funds are stuck at offshore banking partner EQIBank, which is facing liquidation risk after U.S. authorities seized assets linked to the bank. Tether

What happened

The Information reported that some Tether funds are stuck at EQIBank, an offshore banking partner. EQIBank faces liquidation risk after U.S. authorities seized assets linked to the bank.

Confirmed

Global impact / market context

Tether issues USDT, a stablecoin meant to hold one dollar per token, so funds stuck at a troubled bank could reduce the cash available to back redemptions. That may unsettle holders who treat USDT as safe cash.

Analyst inference

If traders doubt USDT can be redeemed at one dollar, they may sell it or move into other stablecoins. That could shift trading activity, borrowing costs, and cash balances across crypto exchanges that rely on USDT.

Analyst inference

What to watch

1. Watch whether EQIBank is actually liquidated, since the article states it faces liquidation risk and that U.S. authorities seized assets linked to the bank. Confirmed
2. Watch whether Tether explains how much money is stuck at EQIBank and whether it can still redeem USDT at one dollar for customers. Proposed
3. Watch the USDT price versus one dollar, because a persistent discount would show investors are pricing in doubt about Tether's ability to redeem tokens. Analyst inference

Affected assets

• USDT — Tether

Evidence

• x.com