Tether's USDT Jumps To 8.5% Premium In India After Crypto Payment Crackdown

Tether's USDT Jumps To 8.5% Premium In India After Crypto Payment Crackdown Authored by Shaurya Malwa via CoinDesk.com, Raids on crypto payment firms in Bengaluru disrupted the pipeline that feeds dollar-pegged USDT to Indian platforms, pushing its local price more than 8.5% above the dollar, roughly double the usual gap. The price of Tether's USDT, the largest dollar-pegged stablecoin, has climbed to more than 8.5% above its dollar value on Indian platforms after a governmen...

By Tyler Durden