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USDT Premium in India Jumps Past 8.5% as Stablecoin Supply Tightens
Tether's USDT premium in India jumped above 8.5%, with the token at INR 102.88 versus a 94.65 dollar rate, as a local stablecoin supply squeeze bites.
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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.
