USDT Premium in India Jumps Past 8.5% as Stablecoin Supply Tightens

Picture of the Indian flag.A sudden squeeze in Tether’s USDT supply in India has pushed the stablecoin’s local premium above 8.5%, more than double its usual level, with the dollar-pegged token trading well above the official exchange rate. A Supply Squeeze in the World’s Top Crypto Market The price of Tether’s USDT in India has surged well above its […]

Source: https://news.bitcoin.com/usdt-premium-india-8-5-percent-supply/

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