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 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 …

The post USDT Premium in India Surges Above 8.5% Amid Supply Shortage appeared first on Coinpedia.org.