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USDT premium by country

USDT is meant to equal one dollar, but on local P2P markets it trades above or below the dollar rate. This page compares that premium across countries, updated every few minutes.

Highest right now: India, where USDT costs +10.10% against the dollar.

Lowest right now: China, at −0.37%.

01Markets

USDT vs the dollar, country by country

Cheapest P2P buy price for USDT in local currency, compared with the bank or interbank dollar rate.

CountryCheapest USDTDollar ratePremium now7-day average30-day average
IndiaUSDT/INR ₹104.95 ₹95.32 +10.10% +7.12% +6.93%
PakistanUSDT/PKR Rs 285.50 Rs 277.05 +3.05% +2.87% +2.82%
VietnamUSDT/VND 25,994 VND 26,090 VND −0.37% +0.01% −0.20%
ChinaUSDT/CNY ¥6.68 ¥6.71 −0.37% −0.61% −0.67%

02Trend

Daily USDT premium by country, last 30 days

Above zero: USDT costs more than bank dollars. Below zero: less.

IndiaPakistanVietnamChina

03Why

Why the premium differs between countries

  1. Capital controls and limited access to dollars push USDT above the dollar rate, because USDT is an easy way to hold or send dollars.
  2. Tax and enforcement risk (such as frozen bank accounts or transaction taxes) make sellers ask for more, or buyers pay less.
  3. Where the bank dollar rate is high or hard to get, USDT can trade below the posted bank rate.

Each premium compares the middle of the 5 best P2P offers for a typical trade with that country's dollar rate (Vietcombank for Vietnam; interbank mid-market for Pakistan, India and China). Free to use with credit to coinglee.

04FAQ

USDT to VND: frequently asked questions

Where is USDT most expensive?

It changes, but USDT usually trades at the biggest premium where dollars are hardest to get through banks. The table above shows today's ranking.

Can I profit from the difference between countries?

Moving money between these markets involves currency controls, bank-freeze risk and P2P limits on both sides, and in some countries it is illegal. The premium is a market signal, not an easy arbitrage.

How often is the data updated?

Prices are checked every 3 minutes; daily averages are calculated in each country's local time.