India’s USDT Supply Tightens as Stablecoin Premium Rises Above 8.5% According to The Economic Times, USDT supply in India has suddenly tigh…
India’s USDT Supply Tightens as Stablecoin Premium Rises Above 8.5%
According to The Economic Times, USDT supply in India has suddenly tightened, pushing the local stablecoin premium from the usual 3%–4% to over 8.5%. On Saturday, USDT was quoted at INR 102.88, compared with the USD/INR closing rate of 94.65 on Friday.
The report said reduced USDT inflows and concerns over further slowdown followed an Enforcement Directorate crackdown on INR 250 billion in money transfers through virtual digital assets. Crypto Legal founder Purushottam Anand said the recent rise may partly reflect a risk premium caused by regulatory uncertainty.
More from Frens Market Feeds
- Sat, 18 Jul 2026 22:48:00 GMTMichael Saylor Opposes BIP 110, Says Bitcoin Needs “Guardians of Neutrality” Strategy Executive Chairman Michael Saylor published an articl…
- Sat, 18 Jul 2026 19:02:51 GMTRobinhood CEO: Operate “Trump Accounts” and Why Trading Isn't Necessarily Gambling According to NYT, Robinhood CEO Vlad Tenev said in an in…
- Sat, 18 Jul 2026 14:35:17 GMTRobinhood CEO: Operate “Trump Accounts” and Why Trading Isn't Necessarily Gambling According to NYT, Robinhood CEO Vlad Tenev said in an in…
- Sat, 18 Jul 2026 12:50:21 GMTCobie: Coinbase Has Long Been Distant From Crypto-Native Users KOL Rune asked Coinbase trading product lead Cobie how the Base App plans to…
- Sat, 18 Jul 2026 05:26:24 GMTSpot Bitcoin and Ethereum ETFs Record $132M and $36.73M in Net Inflows According to SoSoValue data, on July 17 (ET), spot Bitcoin ETFs reco…
- Sat, 18 Jul 2026 03:47:17 GMTHighlight Clip Tom Lee: Ethereum Will Penalize Impatient Investors Tom Lee: Ethereum Will Penalize Impatient Investors On July 7, 2026, Tom…
- Fri, 17 Jul 2026 23:50:53 GMTConsensys Says North Korea-Linked Developer Contributed to MetaMask Code Before Access Was Revoked According to Drop Site News, blockchain…
- Fri, 17 Jul 2026 23:43:51 GMTFTX to Distribute About $900 Million to Creditors in Fifth Payout on July 31 FTX will begin its fifth creditor distribution on July 31, pay…