India’s USDT premium tops 8.5% as crypto remittance crackdown squeezes stablecoin supply: report
India's USDT premium topped 8.5% after Enforcement Directorate raids on Bengaluru crypto firms reportedly disrupted stablecoin supply.
Watchlist
Archive context. 3 independent sources are tracking the same story.
India's USDT premium topped 8.5% after Enforcement Directorate raids on Bengaluru crypto firms reportedly disrupted stablecoin supply.
Why this matters
Tether is showing up inside the Stablecoins theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.
Original source
Read on The BlockSame story, other sources
Cross-source coverage
2 sources
India’s USDT supply tightens as local stablecoin premium surges past 8.5% amid regulatory crackdown
India's regulatory crackdown on stablecoins highlights the broader challenges of balancing inno...
Related market context
TRON reports $88B in circulating USDT, $2.1T in transfers for Q2
TRON's dominance in stablecoin transfers highlights its growing role in crypto finance, but challenges in DeFi and diversification...
TRON USDT supply hits $87.9B as transfers reach $2.1T in Q2: Messari
Messari reported that TRON recorded all-time highs in stablecoin supply and network activity during the second quarter, while DeFi...
TRON’s USDT Hits $87.9B as Q2 Transfers Reach $2.1T and Fees Jump 15.9%
Key Takeaways: The total stablecoin supply on TRON hit a new high of $89.2B, spearheaded by USDT. The network facilitated USDT tra...
Russia proposes exchange trading of Bitcoin, Ether and Tether’s USDT
Russia’s central bank proposed allowing Bitcoin, Ether and USDT to trade on regulated exchanges, following a law signed by Preside...
Ruble Stablecoin A7A5 Has Processed Close to $140 Billion Since February 2025 Launch
Ruble-denominated stablecoin A7A5 has processed close to $140 billion in turnover since its February 2025 launch, Pyotr Fradkov, C...
On-chain data shows $50 million at risk as Tether’s Alloy shutdown deadline boils down to 5 forgotten gold vaults
Tether is winding down Alloy by Tether, a platform built around dollar-tracking aUSDT debt backed by Tether Gold collateral. Start...