USDT supply in India has tightened, pushing the stablecoin’s local premium above 8.5%, compared with its typical 3%–4% range. USDT traded at INR 102.88 on Saturday, well above the official USD/INR exchange rate of 94.65. The shortage has been linked to reduced USDT inflows following an Enforcement Directorate crackdown on alleged illegal money transfers through virtual digital assets. Market participants will monitor whether supply improves and regulatory clarity eases pricing pressures.
The post USDT Premium in India Surges Above 8.5% Amid Supply Shortage appeared first on Coinpedia Fintech News USDT supply in India has tightened, pushing the stablecoinThe post USDT Premium in India Surges Above 8.5% Amid Supply Shortage appeared first on Coinpedia Fintech News USDT supply in India has tightened, pushing the stablecoin
USDT Premium in India Surges Above 8.5% Amid Supply Shortage
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