India USDT Premium Tops 8.5% as ED Raids Squeeze Supply Lines

TLDR: India USDT premium surged above 8.5% after ED raids disrupted stablecoin inflows and tightened local market supply. The Enforcement Directorate’s action against Bengaluru firms raised compliance risks for stablecoin-based remittance channels. Indian crypto traders now face higher entry costs as USDT supply pressure creates a built-in deficit before trading. The widening USDT premium shows [...]

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