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.
Recent raids on crypto payment firms in Bengaluru have significantly disrupted the supply of dollar-pegged USDT to Indian platforms. This crackdown has caused the local price of USDT to surge over 8.5% above the dollar, which is approximately double the typical premium. The…
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