SENSEX
NIFTY
GOLD
USD/INR

Weather

image 39    C

Top News News

The Economic Times

Top News / The Economic Times

details

Supply crunch lifts stablecoin premium above 8.5% in India

India is facing a significant shortage of stablecoins like USDT, causing its price to surge locally. This premium, usually modest, has ballooned to over 8.5% following Enforcement Directorate actions against entities facilitating crypto-based money transfers. The crackdown has disrupted a popular remittance channel for NRIs, impacting USDT supply and raising concerns about regulatory ambiguity and the urgent need for clear crypto policies.

29 Jun 2026 12:07 am