▼ Bearish
India is facing a shortage of USDT and other stablecoins, leading to a significant increase in premiums. The USDT premium has risen above 8.5%, indicating that users are paying much more than the usual value for the stablecoin.
This shortage is making the purchase of cryptocurrencies more expensive and is reducing overall market liquidity.
Reporting aggregated and summarized by CLOM — research & education, not financial advice.