USDT Premium Surges as RBI Cracks Down on Crypto Assets

The USDT premium in India has surged above 8.5% as the Reserve Bank of India (RBI) takes a hardline stance on crypto assets.

On July 2, the RBI submitted observations to the Standing Committee on Finance backing a containment strategy that leans toward prohibition for crypto assets, urging banks and regulated financial institutions to isolate themselves from speculative tokens and privately issued stablecoins.

Purushottam Anand, founder of Crypto Legal, noted that Indian exchanges have long listed virtual digital assets (VDAs) above global prices, but the jump now reflects a risk premium rooted in regulatory ambiguity.