USDT
Tether (USDT) price in INR.
₹93.85 down 0.62%
What is Tether (USDT)?
A stablecoin designed to track the US dollar. It exists on many networks, including Ethereum, Tron and Solana.
What it’s used for
- Moving value between exchanges
- Holding a dollar-linked balance
Key risks
- Issuer and reserve risk
- Choosing the wrong network when sending
- P2P fraud and bank account freezes
How Indians usually buy Tether (USDT)
- Pick an exchange registered with FIU-IND. Compare exchanges.
- Complete KYC with your PAN and Aadhaar.
- Add rupees by bank transfer or UPI, where the exchange supports it.
- Buy USDT, then decide whether to keep it on the exchange or move it to a wallet you control.
Indefi doesn’t recommend buying any coin. Only invest what you can afford to lose.
USDT and Indian tax
USDT is a VDA. Selling it for rupees is taxable, and it often trades at a premium to the dollar on Indian exchanges. Calculate your tax.