Stablecoin dollar premium
What a dollar really costs, by country
The P2P street price of USDT next to the official exchange rate. The gap is the parallel-market premium, and it鈥檚 the real story in cross-border payments: where a stablecoin payout reaches a rate a bank can鈥檛, and where stablecoins simply win on fees. Updated July 29, 2026.
| Country | USDT street | Official | Premium | What it means |
|---|---|---|---|---|
| 馃嚮馃嚜 Venezuela 路 VES | 843 | 744 | +13.3% | Large premium, indicating restricted FX or dollar scarcity |
| 馃嚠馃嚦 India 路 INR | 104 | 95.86 | +8.2% | Large premium, indicating restricted FX or dollar scarcity |
| 馃嚘馃嚪 Argentina 路 ARS | 1,597 | 1,500 | +6.5% | Large premium, indicating restricted FX or dollar scarcity |
| 馃嚬馃嚪 Turkey 路 TRY | 48.50 | 47.37 | +2.4% | Moderate premium above the official rate |
| 馃嚜馃嚞 Egypt 路 EGP | 52.09 | 51.33 | +1.5% | Moderate premium above the official rate |
| 馃嚥馃嚱 Mexico 路 MXN | 17.51 | 17.45 | +0.4% | Free-floating market, near parity with the official rate |
| 馃嚢馃嚜 Kenya 路 KES | 130 | 129 | +0.3% | Free-floating market, near parity with the official rate |
| 馃嚮馃嚦 Vietnam 路 VND | 26,290 | 26,253 | +0.1% | Free-floating market, near parity with the official rate |
| 馃嚨馃嚟 Philippines 路 PHP | 61.48 | 61.60 | -0.2% | Free-floating market, near parity with the official rate |
| 馃嚠馃嚛 Indonesia 路 IDR | 18,008 | 18,106 | -0.5% | Free-floating market, near parity with the official rate |
| 馃嚚馃嚧 Colombia 路 COP | 3,185 | 3,206 | -0.7% | Free-floating market, near parity with the official rate |
How to read this. Premium = the median P2P price of USDT versus the official USD rate. A large positive premium means the official rate is propped up and dollars trade at a markup on the street, common under capital controls. For an inbound payout, converting a stablecoin at that parallel rate delivers more local currency than a bank stuck on the official rate, so stablecoins are transformative there, not just cheaper. Near zero, the market is free-floating and stablecoins win on fees and speed. Sourced daily from P2P markets; coverage expands over time.
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