XRP's Coinbase Discount Narrows to 0.006% on November 2
An independent comparison shows XRP's discount on Coinbase was minimal after adjusting for USDT's dollar value.
An independent comparison shows XRP's discount on Coinbase was minimal after adjusting for USDT's dollar value. Tether (USDT) is trading at ₹94.83 ($0.9989). This is an original Token Times brief based on reporting by CryptoSlate, with live market data added, as of Wed, 04 Nov 2026 01:00:01 UTC.
This highlights the nuanced price differences across exchanges and stablecoin valuations, impacting investor decisions and asset pricing accuracy.
- XRP's Coinbase discount was reduced to 0.006% on November 2.
- The adjustment accounts for USDT's dollar value, revealing a narrower gap.
- Market cap differences between USDT and XRP remain significant.
On November 2, an independent analysis of 
XRP's market value on Coinbase revealed a minimal discount after accounting for the dollar value of 
Tether (USDT). Initially reported as a 0.168% discount, the figure was revised to 0.006% when USDT's circulating supply value was considered.
This adjustment is crucial as it reflects the complexities of pricing discrepancies across cryptocurrency exchanges and the impact of stablecoin valuations. The analysis suggests that XRP's perceived discount was largely due to the method of comparing USDT to its dollar value.
According to DeFiLlama, the circulating supply of USDT was valued at $178.14 billion, while XRP's market cap stood at $80.89 billion. Despite the discount adjustment, the market cap difference between the two assets remains substantial.
In the broader market context, the total cryptocurrency market cap was $2.66 trillion, with 
Bitcoin up 0.86% in the last 24 hours. The Fear & Greed Index remained at 34, indicating a 'Fear' sentiment. XRP itself saw a 2.23% increase in the same period, while USDT's price was relatively stable at $0.999016.
This development underscores the importance of precise valuation methods in the cryptocurrency market. Investors and traders should consider the nuances of stablecoin valuations when assessing exchange pricing discrepancies.
Since this brief published about 1 hour ago, Tether (USDT) has moved from ₹94.84$0.999 to ₹94.83$0.9989 — -0.01%.
The chart plots USDT's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 USDT ≈ ₹104.64 (about $0.9989), up 0.0% over 24 hours. The rupee itself trades about 10.3% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 4, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
XRP's Coinbase Discount Narrows to 0.006% on November 2 — questions & answers
What was XRP's initial discount on Coinbase?
XRP's initial discount on Coinbase was 0.168%.
How much did the discount narrow after adjusting for USDT's value?
The discount narrowed to 0.006% after adjusting for USDT's dollar value.
What is the circulating supply value of USDT?
The circulating supply value of USDT is $178.14 billion.
How much is 1 Tether worth in rupee today?
About ₹104.64 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $0.9989. The rupee price moves with both USDT's US-dollar price and the USDT/INR rate; use our Tether in rupee page for any amount.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from CryptoSlate. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.