In India, Tether is reportedly trading at a premium ranging from 7% to 10%. This notable price difference has raised questions about the underlying market conditions.
Executives from leading exchanges, including CoinDCX and CoinSwitch, have indicated that this premium is primarily due to an imbalance between supply and demand, compounded by relatively thin liquidity in the local market.
As the cryptocurrency landscape continues to evolve, the situation with Tether highlights the complexities of trading in different regions and the factors that can influence pricing.