Tether trades at 7% to 10% premium in India. Exchanges say its just supply and demand
Tether (USDT) is trading at a significant 7% to 10% premium on Indian cryptocurrency exchanges compared to its global dollar value. Industry experts attribute this price gap to local supply-demand imbalances and increased regulatory scrutiny from India's Enforcement Directorate.
Why it matters
The premium reflects the difficulty of accessing dollar-pegged assets in India and highlights the impact of local regulatory actions on crypto market liquidity.
The stablecoin's premium rose to 7–10% above its dollar value on Indian platforms over the weekend. At one point, USDT traded around ₹102.88 against an official dollar-rupee rate of about 94.65 per USD. USDT's market cap stood at $184.68 billion as of this writing, making it the world's largest dollar-pegged stablecoin.
The article provides multiple expert perspectives from exchange executives to explain a market phenomenon.
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