India’s USDT premium doubles as regulatory action tightens supply
Covered by 3 sources · 3 articles
3 outlets - including Bitcoin, Crypto and Coinedition - are covering this story. A sudden squeeze in Tether’s USDT supply in India has pushed the stablecoin’s local premium above 8.5%, more than double its usual level, with the dollar-pegged token trading well above the official exchange rate. A Supply Squeeze in the Wo…
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USDT Premium in India Jumps Past 8.5% as Stablecoin Supply Tightens
A sudden squeeze in Tether’s USDT supply in India has pushed the stablecoin’s local premium above 8.5%, more than double its usual level, with the dollar-pegged token trading well above the official exchange rate. A Supply Squeeze in the Wo…
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 USD…
USDT Premium In India Crosses 8.5% As Supply Tightens Following ED Crackdown
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 pegged to the US dollar, ty…