Tether trades at 7% to 10% premium in India. Exchanges say its just supply and demand

Executives at major platforms CoinDCX and CoinSwitch say the premium reflects a demand-supply imbalance and thin local liquidity.

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Tether trades at 7% to 10% premium in India. Exchanges say its just supply and demand

Executives at major platforms CoinDCX and CoinSwitch say the premium reflects a demand-supply imbalance and thin local liquidity.

By Omkar Godbole

Updated Jun 30, 2026, 5:02 a.m. Published Jun 30, 2026, 4:59 a.m.

3 min read

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Summary

Tether’s USDT stablecoin has surged to an unusually high premium on Indian crypto exchanges.
Executives at major platforms CoinDCX and CoinSwitch say the premium reflects a demand-supply imbalance and thin local liquidity, not exchange-set pricing or hidden fees.

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