NGN Tumbles 50% Against USDC in 24-Hour Market Decline

The Nigerian Naira (NGN) to USDC exchange rate has seen significant fluctuations over the past 24 hours. According to Bybit, a leading cryptocurrency exchange, the current rate is 0.001 NGN ≈ 0.00000073 USDC, with a decrease of 50.00% in value.

This decline has affected the market capitalization and trading volume of USDC. The circulating supply remains at 72B USDC, while its market cap has decreased to ₦98.38T NGN. The 24-hour trading volume is also down to ₦10.76T NGN.

The exchange rate for USDC is updated in real-time on Bybit, with zero conversion fees and a 15-second rate lock once confirmed. This allows users to convert their NGN to USDC with confidence and accuracy.