USDT Premium In India Crosses 8.5% As Supply Tightens Following ED Crackdown
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USDT premium in India has surged above 8.5% as domestic stablecoin supply tightened, with USDT quoted at ₹102.88 versus the interbank dollar close of ₹94.65, well above the usual 3–4% premium. Enforcement Directorate scrutiny and slowed USDT inflows have reduced crypto liquidity and increased regulatory uncertainty, driving higher stablecoin premiums and posing risks to DeFi, CEX operations and token flows in India.
Predictions Markets
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- USDT premium in India crossed 8.5% as domestic stablecoin supply tightened.
- ED scrutiny slowed USDT inflows, reducing crypto liquidity across India markets.
- Regulatory uncertainty is driving higher stablecoin premiums across India now.
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, typically trades at a premium in India because local demand exceeds supply. While the premium usually stays around 3% to 4%, it has widened sharply over the past week.
On Saturday, USDT was quoted at ₹102.88, compared with the rupee’s closing exchange rate of ₹94.65 against the US dollar in the interbank forex market on Friday.
Why The Premium Is Rising
Market participants attribute the …
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