Many new Indian users on Binance assume 1 USDT is pegged to a fixed INR value. Wrong! USDT is pegged to the US Dollar (1 $USDT \approx 1 USD).
💡 The Real Driver: The USD/INR Exchange Rate
The change you see in your INR balance when holding $USDT is not a crypto market gain, but a fluctuation in the traditional currency market:
\text{USDT Value in INR} \approx \text{USD Value in INR}
When the USD strengthens against the INR (meaning the USD/INR exchange rate rises), your USDT holdings automatically become worth more Rupees.
📊 Example Scenario: Tracking ₹ Growth$$USDT