NGN Plummets 50% Against USDC Amid Cryptocurrency Market Volatility

The exchange rate for Nigerian Naira (NGN) to USDC has taken a hit. As of August 8, 2026, at 21:44 GMT+8, the value of NGN in USDC is approximately 0.00073240 USDC per NGN. This represents a decline of 50% over the past 24 hours.

The current exchange rate for USDC to NGN is updated in real-time on Bybit, with no conversion fees and a 15-second rate lock once you confirm the trade. The circulating supply of USDC is 72B, with a market capitalization of ₦98.45T NGN.

The recent decline in value may be attributed to the overall cryptocurrency market trends. However, it's essential for investors and traders to stay informed about the current exchange rates and make data-driven decisions.