Bearish
Tether USDT Surges to 8.5% Premium in India Amid Crypto Payment Restrictions
29.06.2026 16:27
Tether's USDT stablecoin has surged to an 8.5% premium on Indian exchanges following a government crackdown on crypto payment systems. The premium reflects heightened demand for stablecoins as traders seek alternatives to fiat currency transactions amid regulatory tightening. This trend highlights the growing reliance on USDT for liquidity and cross-border transfers in India's crypto market, despite ongoing legal uncertainties. Analysts suggest the premium may persist as enforcement actions limit traditional payment channels, driving users toward decentralized stablecoin solutions.
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