USDT and USDC to Rupee (INR), and INR to USDT- Pay-in (on-ramp)
- Local bank transfer
- Payout (off-ramp)
- Local bank account
- Local settlement
- Same day (T+0)
- Indicative cost
- from 0.95%
Convert USDT and USDC to INR, and INR to stablecoins
JET quotes both directions on every pair: buy the stablecoin with INR (on-ramp) or sell it for INR and withdraw to a bank account (off-ramp). Routing compares several liquidity providers on every conversion, so the rate is the best available at the time, not a single broker's spread.
| Stablecoin | On-ramp | Off-ramp | Indicative cost |
|---|---|---|---|
| USDT Tether, US dollar | INR → USDT | USDT → INR | from 1.00% (100 bps) |
| USDC Circle, US dollar | INR → USDC | USDC → INR | from 0.95% (95 bps) |
| EURC Circle, euro | INR → EURC | EURC → INR | from 0.95% (95 bps) |
| USDG Paxos, US dollar | INR → USDG | USDG → INR | from 0.98% (98 bps) |
| PYUSD Paxos, US dollar | INR → PYUSD | PYUSD → INR | from 0.97% (97 bps) |
A note on India
Stablecoin on- and off-ramps in India carry extra compliance and tax handling, so INR legs into or out of a stablecoin are priced from 0.90%. INR payouts that start in another fiat currency, such as EUR or USD to INR, are priced like any other corridor and travel on stablecoin rails behind the scenes.
How INR on- and off-ramps work on JET
- Pay in INR. Send INR by local bank transfer. Each pay-in is matched to your account automatically.
- Convert. JET converts at the best available rate and credits USDT, USDC or another supported stablecoin to your JET account or to your own wallet, usually within minutes.
- Pay out or hold. Hold the stablecoins, send them on, or reverse the route: sell USDT or USDC for INR and pay out to a local bank account the same business day.
Across Asia-Pacific JET reaches the major supplier and remittance markets, from China and Vietnam to India, Pakistan, Bangladesh and the Philippines.
Who uses INR ramps
- Exchanges and fintechs offering their users a INR on-ramp and off-ramp without building local banking in India.
- Importers and exporters paying or collecting in INR while holding working capital in dollar stablecoins.
- Remittance companies and PSPs settling INR corridors on stablecoin rails, with a full audit trail on every payment.
- Treasuries moving between INR and USDT or USDC on demand, with no volume minimum.
Frequently asked questions
How do I convert USDT to INR?
Send USDT to your JET account, choose INR and the recipient's local bank account in India. JET sells the USDT at the best available rate and pays out INR the same business day. Indicative cost from 1.00%.
What is the USDT to INR rate today?
JET quotes a live USDT to Rupee (INR) rate at the moment you convert, taken from the best of several liquidity providers, and shows it with the fee before you confirm. The all-in cost on top of the market rate is indicatively from 1.00% because of India's extra compliance and tax handling for stablecoin ramps.
Can I withdraw USDT or USDC to a bank account in India?
Yes. JET pays out INR to a local bank account, so the stablecoin ends up as Indian rupee in the recipient's account the same business day.
How do I buy USDT with INR?
Open a JET account, pay in INR by local bank transfer and choose USDT as the target. JET converts at the best available rate and credits USDT to your JET account or your own wallet, usually within minutes. Indicative cost from 1.00%.
Is there an API for a INR on-ramp and off-ramp?
Yes. Exchanges, wallets and fintechs connect to the JET API (webhooks and a sandbox included) to offer INR to USDT and USDC and back to their own users, and JET's engineers build the integration with you. Indicative cost for USDC from 0.95%.
What does a INR to USDT or USDC conversion cost?
INR to or from a stablecoin is priced from 0.90% because of India's extra compliance and tax handling for stablecoin ramps. There is no required volume minimum and no minimum fee. Your price is confirmed in your client agreement.
Do I need to understand crypto to use it?
No. You can send and receive ordinary currency at both ends and let stablecoins be the rail in between, or hold USDT and USDC in a JET account if that is what you want.