NEAR to USDT: NEAR Protocol vs Tether in rupee terms
1 NEAR =
4.9067 USDT
1 NEAR = ₹464.27 · 1 USDT = ₹94.62 · 1 USDT = 0.2038 NEAR
Snapshot 23 October 2026; updating to live…
Over the 12 months to 23 Oct 2026, NEAR Protocol gained 124.8% against USDT: the ratio went from 2.202 USDT to 4.9495 USDT per NEAR. In rupees, NEAR rose 142.1% (from ₹193.47 to ₹468.32) while USDT rose 7.7% (from ₹87.86 to ₹94.62). Because USDT tracks the US dollar, this ratio is close to NEAR Protocol's dollar price; the rupee quotes add the USD/INR rate.
The pair in numbers
- Highest ratio: 5.8928 USDT on 12 Oct 2026. Lowest: 0.96409 USDT on 12 Feb 2026. Today's ratio is 16.0% below the high.
- Change against USDT: +12.2% over 30 days, +174.0% over 90 days, +124.8% over 12 months.
- ₹1 lakh put into NEAR on 24 Oct 2025 would be worth about ₹2,42,063 now; the same in USDT, about ₹1,07,694 (before fees, spreads and tax).
- Daily moves: correlation 0.07 (they often move independently); a 1% move in USDT came with about 1.16% in NEAR on average. Volatility about 106% a year for NEAR and 7% for USDT.
- NEAR gained against USDT on 167 of 364 days (46%).
Month-end ratio
| Month | USDT per NEAR | Change | NEAR (₹) | USDT (₹) |
|---|---|---|---|---|
| Oct 2026 (so far) | 4.9495 | +1.3% | ₹468.32 | ₹94.62 |
| Sept 2026 | 4.8881 | +168.8% | ₹469.36 | ₹96.02 |
| Aug 2026 | 1.8183 | +8.4% | ₹173.41 | ₹95.37 |
| Jul 2026 | 1.6778 | -9.9% | ₹160.43 | ₹95.62 |
| Jun 2026 | 1.863 | -17.4% | ₹176.15 | ₹94.55 |
| May 2026 | 2.2548 | +69.8% | ₹214 | ₹94.91 |
| Apr 2026 | 1.3277 | +14.1% | ₹125.76 | ₹94.72 |
| Mar 2026 | 1.1632 | +6.5% | ₹108.67 | ₹93.42 |
| Feb 2026 | 1.0923 | -17.4% | ₹99.49 | ₹91.08 |
| Jan 2026 | 1.3228 | -12.7% | ₹121.13 | ₹91.57 |
| Dec 2025 | 1.5157 | -18.2% | ₹136.25 | ₹89.89 |
| Nov 2025 | 1.8521 | -11.7% | ₹165.54 | ₹89.38 |
| Oct 2025 | 2.097 | — | ₹186.34 | ₹88.86 |
How this ratio is worked out, and its limits
The ratio is NEAR Protocol'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 NEAR/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 NEAR for USDT is a taxable transfer in India: Schedule VDA guide · tax calculator.
FAQ
How much is 1 NEAR in USDT?
At the 23 October 2026 snapshot, 1 NEAR Protocol (NEAR) was worth 4.9067 USDT, because 1 NEAR cost ₹464.27 and 1 USDT cost ₹94.62. Put the other way, 1 USDT = 0.2038 NEAR. The live ratio at the top of this page refreshes every 60 seconds.
Live now: — (refreshes every 60 seconds)
Did NEAR beat USDT over the last year?
In rupee terms NEAR Protocol went up 142.1% and Tether up 7.7% between 24 Oct 2025 and 23 Oct 2026, so NEAR gained 124.8% against USDT (daily closes, UTC). ₹1 lakh in NEAR would have become about ₹2,42,063; in USDT, about ₹1,07,694.
Is swapping NEAR for USDT taxed in India?
Yes. A crypto-to-crypto swap is a transfer of a virtual digital asset, so any gain on the NEAR 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 NEAR directly against USDT in India?
It depends on the exchange. This page does not check listings. If your exchange has no direct NEAR/USDT market you would go through INR or USDT, which means two trades, two sets of fees and two taxable transfers.