🇮🇳 Buying $USDT in India just got a lot more expensive. The USDT premium has surged from its usual 3-4% to over 8.5%, with USDT trading around ₹102.9 while the official USD/INR rate closed near ₹94.7. What's happening? • USDT supply has tightened across Indian markets. • The recent ED crackdown on alleged ₹25,000 crore VDA-linked money transfers has reportedly slowed inflows. • Traders are also pricing in a regulatory risk premium. When stablecoins start trading this far above the dollar, it's often a sign that demand is outpacing supply. For Indian crypto traders, the cost of getting on-chain just got significantly higher. #Altcoin Season# #MemeAlpha