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USDT Trading Premium in India Surges to 8.5% on Saturday Amid ED-Triggered Supply Shortage

Price Volatility Capital Flow Geopolitics

2026-06-29 13:22:21

According to The Economic Times, USDT trading premium in India surged to over 8.5% on Saturday (June 28), up from the typical 3%-4% range. The stablecoin was trading at 102.88 rupees, compared with a dollar-rupee exchange rate of 94.65, reflecting the elevated premium.

The spike followed enforcement action by India's Enforcement Directorate (ED) against entities facilitating USDT transfers for the diaspora. These channels, previously used to move funds across borders while bypassing traditional banking, reportedly accounted for significant remittance flows. The regulatory crackdown reduced local USDT supply and amplified the premium amid growing concerns of further restrictions.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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