USDC to ETH: USDC vs Ethereum in rupee terms
1 USDC =
0.00041772 ETH
1 USDC = ₹94.68 · 1 ETH = ₹2,26,660 · 1 ETH = 2,393.96 USDC
Snapshot 23 October 2026; updating to live…
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Over the 12 months to 23 Oct 2026, USDC gained 60.6% against ETH: the ratio went from 0.0002592 ETH to 0.00041636 ETH per USDC. In rupees, USDC rose 7.8% (from ₹87.81 to ₹94.67) while ETH fell 32.9% (from ₹3,38,773.75 to ₹2,27,374.14).
The pair in numbers
- Highest ratio: 0.00063813 ETH on 26 Jun 2026. Lowest: 0.00024041 ETH on 27 Oct 2025. Today's ratio is 34.8% below the high.
- Change against ETH: +14.6% over 30 days, -22.5% over 90 days, +60.6% over 12 months.
- ₹1 lakh put into USDC on 24 Oct 2025 would be worth about ₹1,07,812 now; the same in ETH, about ₹67,117 (before fees, spreads and tax).
- Daily moves: correlation 0.01 (they often move independently); a 1% move in ETH came with about 0.00% in USDC on average. Volatility about 7% a year for USDC and 61% for ETH.
- USDC gained against ETH on 180 of 364 days (49%).
Month-end ratio
| Month | ETH per USDC | Change | USDC (₹) | ETH (₹) |
|---|---|---|---|---|
| Oct 2026 (so far) | 0.00041636 | +11.5% | ₹94.67 | ₹2,27,374.14 |
| Sept 2026 | 0.00037346 | -9.8% | ₹96.04 | ₹2,57,165.06 |
| Aug 2026 | 0.00041382 | -20.6% | ₹95.37 | ₹2,30,462.35 |
| Jul 2026 | 0.00052136 | -16.0% | ₹95.66 | ₹1,83,482.9 |
| Jun 2026 | 0.00062085 | +25.6% | ₹94.61 | ₹1,52,387.91 |
| May 2026 | 0.00049441 | +11.5% | ₹94.97 | ₹1,92,088.32 |
| Apr 2026 | 0.00044359 | -10.2% | ₹94.73 | ₹2,13,551.55 |
| Mar 2026 | 0.00049383 | -4.7% | ₹93.44 | ₹1,89,214.3 |
| Feb 2026 | 0.00051797 | +40.1% | ₹91.1 | ₹1,75,879.55 |
| Jan 2026 | 0.0003698 | +9.8% | ₹91.64 | ₹2,47,810.29 |
| Dec 2025 | 0.00033689 | +0.7% | ₹89.97 | ₹2,67,060.17 |
| Nov 2025 | 0.00033439 | +27.2% | ₹89.33 | ₹2,67,139.92 |
| Oct 2025 | 0.00026299 | — | ₹88.82 | ₹3,37,736.88 |
How this ratio is worked out, and its limits
The ratio is USDC's daily rupee close divided by Ethereum'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 USDC/ETH 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 USDC for ETH is a taxable transfer in India: Schedule VDA guide · tax calculator.
FAQ
How much is 1 USDC in ETH?
At the 23 October 2026 snapshot, 1 USDC (USDC) was worth 0.00041772 ETH, because 1 USDC cost ₹94.68 and 1 ETH cost ₹2,26,660. Put the other way, 1 ETH = 2,393.96 USDC. The live ratio at the top of this page refreshes every 60 seconds.
Live now: — (refreshes every 60 seconds)
Did USDC beat ETH over the last year?
In rupee terms USDC went up 7.8% and Ethereum down 32.9% between 24 Oct 2025 and 23 Oct 2026, so USDC gained 60.6% against ETH (daily closes, UTC). ₹1 lakh in USDC would have become about ₹1,07,812; in ETH, about ₹67,117.
Is swapping USDC for ETH taxed in India?
Yes. A crypto-to-crypto swap is a transfer of a virtual digital asset, so any gain on the USDC 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 USDC directly against ETH in India?
It depends on the exchange. This page does not check listings. If your exchange has no direct USDC/ETH market you would go through INR or USDT, which means two trades, two sets of fees and two taxable transfers.