India’s USDT Premium Jumps Past 8.5% After ED Raids Squeeze Local Supply

By Isaac • June 29, 2026 9:17 am •

India’s USDT premium spiked above 8.5% after Enforcement Directorate searches reportedly disrupted local stablecoin supply, according to a June 29, 2026 report from The Block.

That premium is more than twice its typical range.

When the gap between USDT and the official dollar rate blows out like this, it usually means buyers are paying up because supply tightened fast. Here the trigger was enforcement pressure colliding with steady local demand for dollars.

This is the kind of stress signal that says more about a country’s payment rails than about Tether itself.

THE BLOCK: India’s USDT premium has climbed above 8.5%, more than twice its typical range, as a local supply crunch followed Enforcement Directorate searches