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Tether's USDT jumps to 8.5% premium in India after crypto payment crackdown

Crypto CoinDesk By Shaurya Malwa 29 Jun 2026 12:00 1 min read
Tether's USDT jumps to 8.5% premium in India after crypto payment crackdown

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.

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.

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