Markets· ★★· neutral·

USDT Trades at ₹3 Premium Over Dollar in India, Near ₹99

  • —USDT trades near ₹99 in India versus ₹96.32 for the dollar — a ~3% premium
  • —The premium stems from local demand, supply and INR liquidity
  • —The gap does not mean USDT has lost its 1:1 dollar peg
Why it matters: The premium signals that demand for crypto dollars in India outpaces supply, forcing traders to pay above the market rate for USDT access.
#USDT
Source: Coin Edition
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