BUIDL to USDT: BlackRock USD Institutional Digital Liquidity Fund vs Tether in rupee terms
1 BUIDL =
1.0011 USDT
1 BUIDL = ₹94.72 · 1 USDT = ₹94.62 · 1 USDT = 0.99894 BUIDL
Snapshot 23 October 2026; updating to live…
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Over the 12 months to 23 Oct 2026, BlackRock USD Institutional Digital Liquidity Fund was roughly flat against USDT: the ratio went from 0.99954 USDT to 1.001 USDT per BUIDL. In rupees, BUIDL rose 7.8% (from ₹87.82 to ₹94.71) while USDT rose 7.7% (from ₹87.86 to ₹94.62). Because USDT tracks the US dollar, this ratio is close to BlackRock USD Institutional Digital Liquidity Fund's dollar price; the rupee quotes add the USD/INR rate.
The pair in numbers
- Highest ratio: 1.0017 USDT on 5 Feb 2026. Lowest: 0.99946 USDT on 3 Apr 2026. Today's ratio is 0.1% below the high.
- Change against USDT: +0.1% over 30 days, +0.0% over 90 days, +0.1% over 12 months.
- ₹1 lakh put into BUIDL on 24 Oct 2025 would be worth about ₹1,07,846 now; the same in USDT, about ₹1,07,694 (before fees, spreads and tax).
- Daily moves: correlation 1.00 (they mostly move together); a 1% move in USDT came with about 1.00% in BUIDL on average. Volatility about 7% a year for BUIDL and 7% for USDT.
- BUIDL gained against USDT on 184 of 364 days (51%).
Month-end ratio
| Month | USDT per BUIDL | Change | BUIDL (₹) | USDT (₹) |
|---|---|---|---|---|
| Oct 2026 (so far) | 1.001 | +0.1% | ₹94.71 | ₹94.62 |
| Sept 2026 | 1.0003 | +0.0% | ₹96.05 | ₹96.02 |
| Aug 2026 | 1.0001 | -0.1% | ₹95.38 | ₹95.37 |
| Jul 2026 | 1.0007 | -0.1% | ₹95.69 | ₹95.62 |
| Jun 2026 | 1.0013 | +0.0% | ₹94.67 | ₹94.55 |
| May 2026 | 1.0011 | +0.1% | ₹95.01 | ₹94.91 |
| Apr 2026 | 1.0004 | -0.0% | ₹94.76 | ₹94.72 |
| Mar 2026 | 1.0006 | +0.1% | ₹93.48 | ₹93.42 |
| Feb 2026 | 1 | -0.1% | ₹91.08 | ₹91.08 |
| Jan 2026 | 1.0012 | +0.0% | ₹91.68 | ₹91.57 |
| Dec 2025 | 1.001 | +0.1% | ₹89.98 | ₹89.89 |
| Nov 2025 | 0.99966 | -0.0% | ₹89.35 | ₹89.38 |
| Oct 2025 | 0.99977 | — | ₹88.84 | ₹88.86 |
How this ratio is worked out, and its limits
The ratio is BlackRock USD Institutional Digital Liquidity Fund's daily rupee close divided by Tether's on the same UTC day, both from CoinGecko's global INR averages (365 shared days). It is not a quote from any exchange's BUIDL/USDT order book: real pair quotes include spreads and fees, and Indian exchange prices can sit above or below the global average. Past ratios do not predict future ones. Full method: methodology.
Swapping BUIDL for USDT is a taxable transfer in India: Schedule VDA guide · tax calculator.
FAQ
How much is 1 BUIDL in USDT?
At the 23 October 2026 snapshot, 1 BlackRock USD Institutional Digital Liquidity Fund (BUIDL) was worth 1.0011 USDT, because 1 BUIDL cost ₹94.72 and 1 USDT cost ₹94.62. Put the other way, 1 USDT = 0.99894 BUIDL. The live ratio at the top of this page refreshes every 60 seconds.
Live now: — (refreshes every 60 seconds)
Did BUIDL beat USDT over the last year?
In rupee terms BlackRock USD Institutional Digital Liquidity Fund went up 7.8% and Tether up 7.7% between 24 Oct 2025 and 23 Oct 2026, so BUIDL was roughly flat against USDT (daily closes, UTC). ₹1 lakh in BUIDL would have become about ₹1,07,846; in USDT, about ₹1,07,694.
Is swapping BUIDL for USDT taxed in India?
Yes. A crypto-to-crypto swap is a transfer of a virtual digital asset, so any gain on the BUIDL you give up, valued in rupees at the time of the swap, is taxed at 30% plus 4% cess, losses cannot be set off, and 1% TDS can apply to the transfer. Keep the INR value of both legs for your Schedule VDA.
Can I trade BUIDL directly against USDT in India?
It depends on the exchange. This page does not check listings. If your exchange has no direct BUIDL/USDT market you would go through INR or USDT, which means two trades, two sets of fees and two taxable transfers.