# India's USDT and USDC Indexes Set Record Premiums Amid Binance's Withdrawal Pause By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/45181 Published: 2026-10-30T22:20:38.000Z Updated: 2026-10-30T22:20:38.000Z Section: Investing > The Oct. 30 readings reached 7.19% for USDT and 7.85% for USDC, but the index data do not establish that the pause caused the records. India-focused indexes for Tether (USDT) and USD Coin (USDC) set record premiums on Oct. 30, showing sampled local prices had risen well above dollar-linked reference levels. The USDT index posted a 7.19% peg-adjusted premium at 3:05 a.m. ET (07:05 UTC), with a sampled price of ₹101.9250. USDC's index reached 7.85% at 3:01 a.m. ET (07:01 UTC), at ₹102.7000; both used a reference rate of ₹95.2691 per dollar. Binance said its hot wallets were compromised around 4:05 p.m. ET Oct. 29 (20:05 UTC). On Oct. 30, the exchange said it had temporarily suspended withdrawals during security reviews, while deposits and unaffected services remained operational. [TokenPost previously covered the withdrawal pause](). The index history does not establish that the pause drove the records. USDT's previous daily fix was 6.46% on Oct. 29, before the compromise, while USDC's daily premium had remained above 7% in every fix since Oct. 23. The indexes adjust for each stablecoin's deviation from $1 and compare sampled exchange order books with a rupee-dollar reference. The USDT reading draws on five Indian exchanges and the USDC reading on two, so the figures are index measurements rather than market-wide quotes. ## Links in this article - [TokenPost previously covered the withdrawal pause](https://www.tokenpost.com/news/technology/44130)