
Tether USDT premium reaches 8.5% in India
Tether’s USDT (CRYPTO:USDT) traded at about ₹102.88 in India, creating a premium of more than 8.5% against the ₹94.65 bank dollar rate.
Tether said USDT (CRYPTO:USDT) is increasingly used for commerce in emerging markets, with market capitalisation above US$180 billion.
Tether abandoned its Uruguay Bitcoin (CRYPTO:BTC) mining project after a dispute over electricity supply with state utility UTE.
Tether is expanding its tokenisation business into Saudi Arabia through a real estate-focused partnership.