USD-INR Price: USDT Jumps to 8.5% Premium in India After Crypto Payment Crackdown

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.

Tether's USDT Jumps To 8.5% Premium In India After Crypto Payment Crackdown

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India's USDT Premium Jumps Past 8.5% After ED Raids Squeeze Local Supply

The Block reported India's USDT premium climbed above 8.5%, more than double its usual range, after Enforcement Directorate searches disrupted crypto-linked remittance firms.

India's USDT Supply Shock: 8.5% Premium Sparks Demand Surge

India’s USDT supply is under pressure, and the effects are becoming hard to ignore. A sharp tightening in available Tether (USDT) has pushed the stablecoin’s local premium above 8.5%, far above its usual range of 3% to 4%. The development was highlighted by reports, citing data that shows growing demand meeting a shrinking supply. On […]

India's USDT premium doubles as regulatory action tightens supply

India’s USDT premium has climbed to more than 8.5%, more than twice its usual level, after enforcement action against crypto remittance firms has disrupted the domestic supply of the stablecoin. According to The Economic Times, Tether’s USDT traded at 102.88…

USDT Premium In India Crosses 8.5% As Supply Tightens Following ED Crackdown

USDT premium in India crossed 8.5% as domestic stablecoin supply tightened. ED scrutiny slowed USDT inflows, reducing crypto liquidity across India markets. Regulatory uncertainty is driving higher stablecoin premiums across India now. The premium on USDT, the world’s largest stablecoin, has climbed above 8.5% in India as tightening domestic supply and increased regulatory scrutiny reshape the country’s crypto market. USDT, issued by Tether and …