TechFlame news, according to CoinDesk, stablecoin issuer Tether said its assets held at Dominica-licensed digital bank EQIBank account for less than 0.034% of the group's total assets. Based on Tether's total group assets of $187.75 billion disclosed in June, its related exposure is at most about $64 million, though Tether did not disclose the specific amount. According to reports, EQIBank processes customer funds through U.S. payment processor Capstone, which uses accounts at Wells Fargo and JPMorgan Chase to move funds. U.S. prosecutors have seized funds in Capstone-related accounts and filed a civil forfeiture lawsuit, alleging that it misrepresented its business to banks. EQIBank said about $89 million in funds was seized, equivalent to about 80% of its monetary assets, potentially putting it at risk of liquidation. EQIBank previously provided banking services to Tether, including processing wire transfers related to USDT purchases and redemptions. Tether said it is not aware of the Capstone-related conduct alleged by the U.S. Department of Justice.