USYC to USDT: Circle USYC vs Tether in rupee terms
1 USYC =
1.1425 USDT
1 USYC = ₹108.1 · 1 USDT = ₹94.62 · 1 USDT = 0.8753 USYC
Snapshot 23 October 2026; updating to live…
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Over the 12 months to 21 May 2026, Circle USYC was roughly flat against USDT: the ratio went from 1.1049 USDT to 1.1252 USDT per USYC. In rupees, USYC rose 10.5% (from ₹97.85 to ₹108.12) while USDT rose 8.5% (from ₹88.56 to ₹96.09). Because USDT tracks the US dollar, this ratio is close to Circle USYC's dollar price; the rupee quotes add the USD/INR rate.
The pair in numbers
- Highest ratio: 1.1975 USDT on 5 Feb 2026. Lowest: 1.1037 USDT on 6 Dec 2025. Today's ratio is 6.0% below the high.
- Change against USDT: -3.2% over 30 days, -4.4% over 90 days, +1.8% over 12 months.
- ₹1 lakh put into USYC on 5 Nov 2025 would be worth about ₹1,10,496 now; the same in USDT, about ₹1,08,503 (before fees, spreads and tax).
- Daily moves: correlation -0.11 (they often move independently); a 1% move in USDT came with about -0.12% in USYC on average. Volatility about 8% a year for USYC and 7% for USDT.
- USYC gained against USDT on 106 of 197 days (54%).
Month-end ratio
| Month | USDT per USYC | Change | USYC (₹) | USDT (₹) |
|---|---|---|---|---|
| May 2026 (so far) | 1.1252 | -2.8% | ₹108.12 | ₹96.09 |
| Apr 2026 | 1.1571 | +0.2% | ₹109.6 | ₹94.72 |
| Mar 2026 | 1.1546 | -2.3% | ₹107.86 | ₹93.42 |
| Feb 2026 | 1.1815 | +1.8% | ₹107.61 | ₹91.08 |
| Jan 2026 | 1.1602 | +2.7% | ₹106.24 | ₹91.57 |
| Dec 2025 | 1.1296 | +0.4% | ₹101.54 | ₹89.89 |
| Nov 2025 | 1.1252 | — | ₹100.57 | ₹89.38 |
How this ratio is worked out, and its limits
The ratio is Circle USYC's daily rupee close divided by Tether's on the same UTC day, both from CoinGecko's global INR averages (198 shared days). It is not a quote from any exchange's USYC/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 USYC for USDT is a taxable transfer in India: Schedule VDA guide · tax calculator.
FAQ
How much is 1 USYC in USDT?
At the 23 October 2026 snapshot, 1 Circle USYC (USYC) was worth 1.1425 USDT, because 1 USYC cost ₹108.1 and 1 USDT cost ₹94.62. Put the other way, 1 USDT = 0.8753 USYC. The live ratio at the top of this page refreshes every 60 seconds.
Live now: — (refreshes every 60 seconds)
Did USYC beat USDT over the last year?
In rupee terms Circle USYC went up 10.5% and Tether up 8.5% between 5 Nov 2025 and 21 May 2026, so USYC was roughly flat against USDT (daily closes, UTC). ₹1 lakh in USYC would have become about ₹1,10,496; in USDT, about ₹1,08,503.
Is swapping USYC for USDT taxed in India?
Yes. A crypto-to-crypto swap is a transfer of a virtual digital asset, so any gain on the USYC 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 USYC directly against USDT in India?
It depends on the exchange. This page does not check listings. If your exchange has no direct USYC/USDT market you would go through INR or USDT, which means two trades, two sets of fees and two taxable transfers.