India's USDT premium surges past 8.5% as Enforcement Directorate raids choke stablecoin supply, disrupting cross-border remittances and raising costs for

India is facing a significant shortage of stablecoins like USDT, causing its price to surge locally. This premium, usually modest, has ballooned to over 8.5% following Enforcement…

India's USDT premium topped 8.5% after Enforcement Directorate raids on Bengaluru crypto firms reportedly disrupted stablecoin supply.