USDT Is Still ₹3 More Than a Dollar in India. What Are Indians Actually Paying For?
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USDT is trading near ₹99 in India and the dollar at ₹96.32, creating a 3% premium.
Local demand, supply, and INR liquidity are key factors behind the USDT premium.
A higher USDT premium does not necessarily mean a broken dollar peg.
India’s crypto market is currently witnessing a strange gap, with traders paying more for the USDT stablecoin than its actual rate in dollar terms. While the US dollar is trading at around ₹96.32, USDT is valued at nearly ₹99 in India, creating a nota
Local demand, supply, and INR liquidity are key factors behind the USDT premium.
A higher USDT premium does not necessarily mean a broken dollar peg.
India’s crypto market is currently witnessing a strange gap, with traders paying more for the USDT stablecoin than its actual rate in dollar terms. While the US dollar is trading at around ₹96.32, USDT is valued at nearly ₹99 in India, creating a nota
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