FX
Tether (KRW)
The Tether (USDT) price in Korean won from Upbit daily candles. Effectively the dollar exchange rate of the crypto market, it directly reflects won money flowing into and out of crypto, and its gap to USD/KRW feeds the premium gauge.
At a glance
Tether (KRW): latest value and prior change
As of 2026-09-08, Tether (KRW) is 1,361 KRW. It is 1.00 KRW lower than 1,362 KRW on 2026-09-07.
Across 219 available observations from 2026-02-02 to 2026-09-08, the latest value is at the tie-adjusted 0th percentile.
- Observed on
- Default comparison window
- 2026-02-02–2026-09-08
- Observations · observed cadence
- 219 · Daily
- Data source
- Upbit
A high or low percentile does not by itself make the indicator positive, negative, or a buy or sell signal.
Time-series chart
Tether (KRW)
2026-02-02–2026-09-08
Long-history series are stored as real provider observations. Index, FX, VIX, and ratio charts use historical backfill where providers expose it; Korean investor flow and margin-credit feeds expand as stable historical endpoints become available.
Recent observations and calculated changes
The ten latest chart observations. Change subtracts the previous observation; intervals vary with holidays, release schedules and missing data. A difference in rates or ratios is not an investment return.
| Observed | Value | Previous date | Difference (current − previous) |
|---|---|---|---|
| 2026-09-08 | 1,361 KRW | 2026-09-07 | -1.00 KRW |
| 2026-09-07 | 1,362 KRW | 2026-09-06 | 1.00 KRW |
| 2026-09-06 | 1,361 KRW | 2026-09-05 | -4.00 KRW |
| 2026-09-05 | 1,365 KRW | 2026-09-04 | -6.00 KRW |
| 2026-09-04 | 1,371 KRW | 2026-09-03 | 8.00 KRW |
| 2026-09-03 | 1,363 KRW | 2026-09-02 | -12.00 KRW |
| 2026-09-02 | 1,375 KRW | 2026-09-01 | -8.00 KRW |
| 2026-09-01 | 1,383 KRW | 2026-08-31 | 4.00 KRW |
| 2026-08-31 | 1,379 KRW | 2026-08-30 | -11.00 KRW |
| 2026-08-30 | 1,390 KRW | 2026-08-29 | -1.00 KRW |
Source: Upbit
Interpretation guide
Tether in won: the crypto market's own USD/KRW rate
Upbit's Tether (USDT) price in won is effectively the crypto market's dollar exchange rate. Pegged to the dollar, the coin itself barely moves — so its won price purely reflects domestic money flowing into and out of crypto markets.
What it means
Tether is the corridor Korean investors use to reach global crypto markets or move won into crypto assets. The won price trading above the FX rate means won money is paying up to get in; trading below means exiting money is accepting a discount to get out.
- Trading above USD/KRW marks entry demand outweighing exit demand.
- Slipping below USD/KRW marks profit-taking and outflow dominating.
- The gap against the FX rate — the premium — is the real signal, not the price level.
Interpretation rules
The won Tether price bundles USD/KRW with crypto demand. Decompose whether a rise came from the FX rate or from a premium building — that decomposition is exactly what the USDT kimchi premium indicator does.
- Tether rising during an FX spike may just be the exchange rate, not a crypto signal.
- Tether jumping on a stable FX day is a high-purity crypto-demand signal.
- Cross-check with the Bitcoin-based kimchi premium to type the demand.
How to apply it
Won Tether works best as background on domestic money direction rather than as entry-exit timing. Treat a surging premium as an overheating alert and a persistent discount as structural outflow.
- In premium surges, note that the cost of buying crypto domestically has risen.
- A persistent discount reads as structural domestic outflow — factor it into risk-appetite calls.
- On big FX days, suspend judgment on the Tether price and wait for the premium gauge.