USD1 to USDT: USD1 vs Tether in rupee terms
1 USD1 =
0.99989 USDT
1 USD1 = ₹94.61 · 1 USDT = ₹94.62 · 1 USDT = 1.0001 USD1
Snapshot 23 October 2026; updating to live…
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Over the 12 months to 23 Oct 2026, USD1 was roughly flat against USDT: the ratio went from 1 USDT to 0.99979 USDT per USD1. In rupees, USD1 rose 7.7% (from ₹87.86 to ₹94.6) while USDT rose 7.7% (from ₹87.86 to ₹94.62). Because USDT tracks the US dollar, this ratio is close to USD1's dollar price; the rupee quotes add the USD/INR rate.
The pair in numbers
- Highest ratio: 1.0017 USDT on 24 Jan 2026. Lowest: 0.99831 USDT on 6 Nov 2025. Today's ratio is 0.2% below the high.
- Change against USDT: +0.0% over 30 days, +0.0% over 90 days, -0.0% over 12 months.
- ₹1 lakh put into USD1 on 24 Oct 2025 would be worth about ₹1,07,671 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 USD1 on average. Volatility about 7% a year for USD1 and 7% for USDT.
- USD1 gained against USDT on 181 of 364 days (50%).
Month-end ratio
| Month | USDT per USD1 | Change | USD1 (₹) | USDT (₹) |
|---|---|---|---|---|
| Oct 2026 (so far) | 0.99979 | +0.0% | ₹94.6 | ₹94.62 |
| Sept 2026 | 0.99969 | +0.0% | ₹95.99 | ₹96.02 |
| Aug 2026 | 0.99958 | -0.0% | ₹95.33 | ₹95.37 |
| Jul 2026 | 0.9999 | -0.0% | ₹95.61 | ₹95.62 |
| Jun 2026 | 1.0003 | +0.1% | ₹94.58 | ₹94.55 |
| May 2026 | 0.99979 | -0.0% | ₹94.89 | ₹94.91 |
| Apr 2026 | 1 | -0.0% | ₹94.72 | ₹94.72 |
| Mar 2026 | 1.0002 | +0.0% | ₹93.44 | ₹93.42 |
| Feb 2026 | 0.99978 | -0.1% | ₹91.06 | ₹91.08 |
| Jan 2026 | 1.0009 | -0.0% | ₹91.65 | ₹91.57 |
| Dec 2025 | 1.0009 | +0.2% | ₹89.97 | ₹89.89 |
| Nov 2025 | 0.99922 | -0.0% | ₹89.31 | ₹89.38 |
| Oct 2025 | 0.99966 | — | ₹88.83 | ₹88.86 |
How this ratio is worked out, and its limits
The ratio is USD1'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 USD1/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 USD1 for USDT is a taxable transfer in India: Schedule VDA guide · tax calculator.
FAQ
How much is 1 USD1 in USDT?
At the 23 October 2026 snapshot, 1 USD1 (USD1) was worth 0.99989 USDT, because 1 USD1 cost ₹94.61 and 1 USDT cost ₹94.62. Put the other way, 1 USDT = 1.0001 USD1. The live ratio at the top of this page refreshes every 60 seconds.
Live now: — (refreshes every 60 seconds)
Did USD1 beat USDT over the last year?
In rupee terms USD1 went up 7.7% and Tether up 7.7% between 24 Oct 2025 and 23 Oct 2026, so USD1 was roughly flat against USDT (daily closes, UTC). ₹1 lakh in USD1 would have become about ₹1,07,671; in USDT, about ₹1,07,694.
Is swapping USD1 for USDT taxed in India?
Yes. A crypto-to-crypto swap is a transfer of a virtual digital asset, so any gain on the USD1 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 USD1 directly against USDT in India?
It depends on the exchange. This page does not check listings. If your exchange has no direct USD1/USDT market you would go through INR or USDT, which means two trades, two sets of fees and two taxable transfers.