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

60-second summary

Tether trades at a 7-10% premium in India, according to major exchanges CoinDCX and CoinSwitch. Executives attribute this to a demand-supply imbalance and thin local liquidity, suggesting that the premium is not indicative of any underlying issues. This premium may persist due to India's growing crypto market and limited local market makers.