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USD-INR price: USDT jumps to 8.5% premium in India after crypto payment crackdown
Raids on crypto payment firms in Bengaluru disrupted the pipeline that feeds dollar-pegged USDT to Indian platforms, pushing its local price more than 8.5% above the dollar, roughly double the usual gap.
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economictimes.indiatimes.com
Supply crunch lifts stablecoin premium above 8.5% in India
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…
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theblock.co
India's USDT premium tops 8.5% as crypto remittance crackdown squeezes stablecoin supply: report
India's USDT premium topped 8.5% after Enforcement Directorate raids on Bengaluru crypto firms reportedly disrupted stablecoin supply.
