Tether (USDT) Trades at 7-10% Premium in India: Exchanges Cite Supply and Demand Dynamics

Tether (USDT) is currently trading at a significant premium of 7% to 10% on Indian cryptocurrency exchanges compared to global markets. Exchange officials attribute this price discrepancy solely to local supply and demand factors, rather than any underlying issues with the stablecoin itself. The premium reflects heightened demand for USDT among Indian traders seeking a stable store of value amid local market conditions, while supply constraints on domestic platforms drive prices higher. This trend underscores the unique liquidity dynamics in India's crypto market, where regulatory uncertainties and fiat on-ramp limitations often create localized price variations for major stablecoins like USDT.