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Thailand Enhances Measures to Address Misconduct by Foreign Tourists
China Researchers Warn Offshore Wind Farms May Interfere with Radar Systems
Merck & Co. Initiates Two Phase 3 Trials for Ifinatamab Deruxtecan
Merck and Daiichi Sankyo Withdraw US BLA for Ifinatamab Deruxtecan in Extensive-Stage SCLC
US pressure campaign cuts Iran’s banking and air links as war drags on - WSJ
Hurricane Polo Reaches Category 5 Status, NOAA Reports
Fitch Revises Bulgaria's Outlook Following April General Election
Magnitude 7.0 Earthquake Strikes Tadine, New Caledonia
Apax nears deal to buy Warburg Pincus out of €6.5bn telecoms group Odido
Whitbread acts out the UK’s growth challenge in miniature
Cyber security stocks are pumped up on P(doom)
NYSE American Issues Noncompliance Notice to Southland
Brazil Launches Program to Tackle 300 Billion Reais in Consumer Debt
Brazil Introduces Debt-Relief Program for Individuals with Overdue Debts
Brazilian Bettors Have Until October 5 to Claim Funds from Online Betting Sites
Billionaire Charoen’s Asset World Targets $1 Billion REIT IPO
Brazil Implements Nationwide Ban on Online Betting Operations
Warner Bros. Discovery Plans to Remove Euro Notes from Nasdaq Global
Trump seeks to withhold $800 million in Congress-approved funds
Ansell Announces Strategic Shift and Expansion Plans Under New Leadership
Fal Pursues New Funding with Valuation Exceeding $15 Billion
ShinyHunters Resumes Exploitation Campaign Targeting Oracle PeopleSoft
CNN Excluded from Air Force One Trip by White House
Trump Opposes Ceasefire with Iran, Predicts Increased Military Action Post-Midterms
OpenAI Acknowledges Use of Publicly Available SEC and Investor Information
Air Defenses Intercept Houthi Missile Targeting Khamis Mushait
White House Blocks CNN From Air Force One
Iran Proposes Seven-Day Plan to Ensure Safe Passage Through Strait of Hormuz
ShinyHunters hackers expanded attacks on Oracle’s PeopleSoft, Google says
Blackstone Cements Shift From Star Dealmakers With Baratta Exit
TikTok reaches first state settlement over teen safety claims, agrees to user limits
BofA explains how telecom companies can evolve to be AI winners
U.S. White House Cancels $810 Million in Approved Health and Education Funding
Trump's Approval Rating Declines to 37%, Lowest Midterm Rating Since 1990
Industrial glove giant stretches to high-tech sectors
The Cost of Transporting Pretty Much Everything Just Won’t Stop Going Up
Morgan Stanley public finance co-head Zach Solomon leaves for TD - Bloomberg
Iran Proposes Sanctions Relief and Blockade Lift to Reopen Strait of Hormuz
Trump Rejects Iran's Ceasefire Proposal Amid Ongoing Conflict
KLEA Finance Daily: Friday, September 25, 2026
White House blocks CNN from Air Force One trip, Washington Post reports
We All Hated Busy Work. Now That It’s Disappearing, It Turns Out We Miss It.
White House blocks CNN from trip on Air Force One
Wall Street Week | China’s Trade Reckoning, Syracuse’s Second Chance, Humanoids in Healthcare
Ellison Pledges $9.2 Billion More in Oracle Shares for Loans
David Booth on Investing, Dimensional and Staying Calm | The David Rubenstein Show
Citigroup targets over $3 billion Banamex IPO for January - Bloomberg
Brazil’s Lula to ban online gambling before election
OpenAI’s A.I. Went Rogue and Meddled With U.S. Government Websites
How OpenAI’s Rogue A.I. Agents Tried to Trick a Robot Detector
Korea’s trade surplus hits a record $23B. Here’s what’s driving it
Parents charge adult children £300 a month to live at home
TikTok settles with Alabama ahead of trial over teen mental health harms
Lula Plans $28 Billion Debt Buyout to Aid Consumers Before Vote
ICE Raids in Beef Country Raise Fears of Higher Prices
Paramount Secures Antitrust Settlement with WBD Amid Ongoing Concerns
Stablecoin firm Circle finance chief Fox-Geen to step down
FTC chair suggests AI developers should be liable for conduct of agents
OpenAI says governments among ‘dozens’ of organisations hacked by its agents
Venezuela’s promised elections face long delays, sources say
Half of Suppliers Remain Invisible to Corporate CFO Systems
Drone Delivery Tests What 20 Minutes Is Worth
Walmart Vows Continued Expansion of Health and Wellness Reach
Ellison Pledges $9.2 Billion More in Oracle Shares as Collateral
Paramount Skydance to move stock listing to NYSE from Nasdaq
ICE Actions Hit Kansas Meatpacking Operations, Ranchers Say
Search for the Next Leader of the UN
Keeneland CEO on Annual Yearling Sale
Mexico stocks higher at close of trade; S&P/BMV IPC up 1.13%
Tether Confirms Limited Exposure to Troubled Offshore Bank EQIBank
Tether, the issuer of the widely used stablecoin USDT, has confirmed that it has funds held at EQIBank, an offshore bank licensed in Dominica, which is facing potential liquidation. Tether's exposure to EQIBank is reported to be less than 0.034% of its total assets, equating to under $64 million based on its latest quarterly reserves report. This situation follows the seizure of approximately $89 million linked to EQIBank by US authorities, which has raised concerns about the bank's financial stability.
The seized funds represent about 80% of EQIBank's cash holdings, and the bank is currently contesting the seizure in a California federal court. Tether has indicated that the impact on its overall reserves will be limited, although the recovery of its funds will depend on the outcome of any liquidation proceedings. Despite these developments, USDT has maintained its peg to the US dollar, trading at approximately $0.9997, suggesting that the market views the situation as manageable.
This incident highlights the risks associated with stablecoins, which are only as secure as the banks holding their reserves. While Tether's exposure to EQIBank is relatively small, it serves as a reminder of the potential vulnerabilities in the stablecoin ecosystem, particularly regarding counterparty risk. The situation will be closely monitored as it unfolds, particularly regarding EQIBank's legal challenges and any disclosures from Tether about the exact amount of funds at risk.
© 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Source: KLEA News