How does USDT price sometimes widely differ from the dollar?

I think the USDT price should be similar or close to the dollar. Is that correct?

On some Indian exchanges sometimes USDT has traded at about 20% premium.
How does this happen?

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It should be but there is a lot of manipulation going on with Tether. They have the ability to print Tether to buy BTC and there’s a ton of funny business going on with the whales at Bitfinex, Huobi, and Binance, and it is above my pay grade to adequately explain it in this type of forum. There are several lawsuits pending against Tether and I expect it to crash and burn at some point. Look for Chico Crypto on You Tube and look through his videos. He breaks the Tether fraud down quite well.Tether can also carry a premium as the Chinese use USDT to get out of yuan as it is heavily manipulated by their communist regime. A dollar is a dollar in the other stable coins. If the monthly rotation has you buying three different stable coins, that is non-sensical to me. A USDC is equal to a TUSD. Just buy one of them. Stay away from Tether.

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