The difference in USDT buy and sell rates on our platform (and typically across all exchanges) is primarily due to the spread and the associated premium. This is similar to how the buy/sell rates for assets like gold can differ even if traded on the same day.
The two main factors creating this difference are:
Market Dynamics (Premium & Supply/Demand): USDT often trades at a premium in local markets compared to its $1 peg, driven by local demand and supply constraints.
Platform Factors: The Buy/Sell prices can fluctuate based on continuous market demand, the platform's current supply of USDT, and other operational factors, including the costs associated with trade execution.
We strive to always provide competitive rates, and the difference you see reflects real-time market conditions.
For a detailed explanation, please refer to our blog post: https://mudrex.com/blog/why-usdt-buy-and-sell-prices-differ/
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