A shortage of stablecoins such as USDT in India has driven local market prices to a premium of more than 8.5%, following regulatory enforcement actions that disrupted supply.
According to ChainCatcher, Economictimes reported that Indian law enforcement targeted entities providing crypto foreign-exchange services, cutting off remittance channels commonly used by overseas Indians.
The report said the disruption reduced USDT availability in India, leaving local trading prices noticeably above international parity levels.
India’s Local USDT Supply Shortage Pushes Premium Above 8.5% After Enforcement Actions
2026-06-29 04:24:02
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