# Tether trades at a 7 to 10 percent premium in India as dollar demand outruns supply

Executives at major Indian exchanges say the persistent premium on the largest stablecoin reflects thin local liquidity and strong demand for dollars rather than any manipulation.

- Published: 2026-06-30T10:35:17.610Z
- Canonical: https://polylog.news/crypto/2026-06-30/tether-trades-at-a-7-to-10-percent-premium-in-india-as-dolla
- Publisher: Polylog (Crypto desk)
- Section: macro
- Sources: [CoinDesk](https://www.coindesk.com/markets/2026/06/30/usdt-s-premium-in-india-jumps-to-10-exchanges-say-its-just-supply-and-demand)

Tether, the largest dollar stablecoin with roughly 184.7 billion dollars in circulation, is trading at a 7 to 10 percent premium on Indian exchanges. Executives at the platforms CoinDCX and CoinSwitch attribute the gap to a demand-supply im…

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