India's USDT premium tops 8.5% after ED crackdown cuts stablecoin remittance inflows

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India's local USDT market is showing a real supply squeeze: USDT traded around ₹102.88 over the weekend while USD/INR closed at ₹94.65, pushing the premium above 8.5% from its usual 3-4%. The move followed Enforcement Directorate action against crypto remittance channels that had been bringing USDT into India for roughly two years, with NRIs using stablecoins as a faster, higher-yielding alternative to bank wires. Market makers are pulling back, and the cost of India's regulatory ambiguity is now showing up directly in stablecoin pricing.

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India's USDT premium tops 8.5% after ED crackdown cuts stablecoin remittance inflows

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India's USDT premium tops 8.5% after ED crackdown cuts stablecoin remittance inflows

Explore the topic

More on $USDT

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Chinese investors use USDT to bypass $50K FX cap for tokenized SpaceX and OpenAI pre-IPO bets

Tether freezes $72M after $120M USDT swap trail pushes Monero from $330 to $438

Lightning Network is evolving into a Bitcoin-native B2B settlement rail, with average transaction size jumping from $24 to $265 as USDT on RGB unlocks institutional stablecoin payments

Spark seeds Uniswap v4 with $150M in USDS-PYUSD and USDS-USDT liquidity for stablecoin FX layer

Altura’s vault loses $8.5 million to USDT redemptions, forcing an orderly wind-down on Hyperliquid

Ledn adds Tether Gold collateral for USDT and USAt loans as tokenized commodities near 17% market share

Chinese investors use USDT to bypass $50K FX cap for tokenized SpaceX and OpenAI pre-IPO bets

Tether freezes $72M after $120M USDT swap trail pushes Monero from $330 to $438

Lightning Network is evolving into a Bitcoin-native B2B settlement rail, with average transaction size jumping from $24 to $265 as USDT on RGB unlocks institutional stablecoin payments

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