Tether USDT Hits 8.5% Premium in India After Enforcement Crackdown
Tether’s USDT stablecoin has surged to an 8.5% premium above its dollar peg on Indian cryptocurrency exchanges following an intense government crackdown on crypto payment firms, marking one of the sharpest supply disruptions for the token in a major emerging market. The Enforcement Directorate, India’s financial-crime agency, launched coordinated searches across six premises in Bengaluru…
