Cryptocurrency is changing how people send money across borders. USDT (Tether) — a stablecoin pegged to the US dollar — is particularly useful for remittances because its value stays constant at ~$1, eliminating crypto volatility concerns.
Why Use USDT for India Remittance?
- $0 transfer fees: Services like Pym charge nothing to receive USDT and convert to INR
- No bank intermediaries: Send directly on blockchain — no SWIFT, no correspondent banks
- Fast settlement: TRC-20 confirmations take under a minute
- Stable value: Unlike Bitcoin, USDT stays at ~$1 so you know exactly what you're sending
Step 1: Get USDT
If you don't already hold USDT, you can buy it on any major exchange:
- Coinbase: Buy → search USDT → purchase with bank or card
- Binance: Buy Crypto → USDT → choose payment method
- Kraken: Buy → USDT → fund with USD
You can also receive USDT from others or earn it through DeFi protocols.
Step 2: Choose Your Network
USDT exists on multiple blockchains. The network you choose affects fees and speed:
| Network | Fee | Speed | Recommendation |
|---|---|---|---|
| TRC-20 (Tron) | ~$0.01 | <1 min | Best choice |
| BEP-20 (BNB Chain) | ~$0.10 | 1–2 min | Good alternative |
| ERC-20 (Ethereum) | $2–$20+ | 2–5 min | Avoid if possible |
Our recommendation: Always use TRC-20 unless you specifically need another network.
Step 3: Send Money via Pym
- Sign up for a free Pym account (takes under a minute)
- Add your recipient's Indian bank account or UPI details
- Start a new transfer and select "Crypto (USDT)" as your payment method
- Choose TRC-20 network and confirm the amount
- Send USDT to the wallet address shown
- Once confirmed on-chain, Pym converts to INR and sends to your recipient
Step 4: Recipient Gets INR
Your recipient doesn't need a crypto wallet or any knowledge of USDT. They simply receive INR in their Indian bank account or UPI — just like any other bank transfer. The conversion from USDT to INR happens automatically at competitive mid-market rates.
Common Questions
Is this legal? Yes. Using stablecoins for remittance is legal in the US. Pym is operated by Phodata LLC, a FinCEN-registered Money Services Business.
What if I send on the wrong network? Always double-check the network matches. Sending on the wrong network may result in lost funds that cannot be recovered.
Is there a minimum amount? The minimum transfer is $10 USD equivalent in USDT.
Get Started
Create your free Pym account today. Send USDT with $0 fees and your recipient gets INR delivered to their Indian bank account.