coin-img-ETHETH+0.24%coin-img-BTCBTC-0.33%coin-img-SOLSOL+2.20%coin-img-CTMCTM-0.12%coin-img-USDCUSDC+0.01%coin-img-XRPXRP-0.32%coin-img-TRXTRX+0.78%coin-img-HYPEHYPE+0.07%coin-img-ETHETH+0.24%coin-img-BTCBTC-0.33%coin-img-SOLSOL+2.20%coin-img-CTMCTM-0.12%coin-img-USDCUSDC+0.01%coin-img-XRPXRP-0.32%coin-img-TRXTRX+0.78%coin-img-HYPEHYPE+0.07%coin-img-ETHETH+0.24%coin-img-BTCBTC-0.33%coin-img-SOLSOL+2.20%coin-img-CTMCTM-0.12%coin-img-USDCUSDC+0.01%coin-img-XRPXRP-0.32%coin-img-TRXTRX+0.78%coin-img-HYPEHYPE+0.07%coin-img-ETHETH+0.24%coin-img-BTCBTC-0.33%coin-img-SOLSOL+2.20%coin-img-CTMCTM-0.12%coin-img-USDCUSDC+0.01%coin-img-XRPXRP-0.32%coin-img-TRXTRX+0.78%coin-img-HYPEHYPE+0.07%

India's USDT Premium Jumps Above 8.5% as Regulatory Scrutiny Intensifies

ME News reported that on June 29 (UTC+8), tighter USDT availability in India pushed the stablecoin's local premium sharply higher, climbing from a typical 3%–4% to more than 8.5%. On Saturday, USDT traded at 102.88 Indian rupees, compared with Friday's USD/INR closing rate of 94.65. The report linked the squeeze to weaker USDT inflows and growing concern that supplies could tighten further as authorities intensify enforcement actions targeting about $25 billion in fund transfers conducted via virtual digital assets. Purushottam Anand, founder of Crypto Legal, said the spike may also reflect a regulatory risk premium amid heightened uncertainty. (economictimes) (Source: ODAILY)
Selected
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.