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Tether's USDT trades at 7-10% premium on Indian crypto exchanges due to supply-demand imbalance.

Market News
30 Jun 2026
Coindesk
View Source
Neutral
pluang ai news

Tether's USDT stablecoin is trading at a 7-10% premium on Indian crypto exchanges, driven by higher local demand than available supply. Executives from CoinDCX and CoinSwitch attribute this premium to thin liquidity and market dynamics rather than exchange pricing or hidden fees. The premium spike may be linked to recent enforcement actions by India's financial crime agency, which could have reduced token supply. This situation reflects broader challenges in the Indian crypto market, including taxation and liquidity constraints.

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