NEW: 🇮🇳 Stablecoin premiums in India have surged above 8.5% as a supply crunch tightens the market. Key points: • USDT is trading at ₹102.88 vs the official USD/INR rate of ₹94.65. • The premium has jumped from the usual 3-4% to over 8.5%. • The shortage follows the ED's crackdown on crypto-based cross-border money transfers. • The crackdown has disrupted a popular USDT remittance channel used by many NRIs. • Lower USDT inflows and regulatory uncertainty have reduced supply and pushed prices higher. • India's Parliament is set to discuss the country's crypto regulatory framework on July 2. Source: Economic Times