NZD Plunges 50% Against USDC in 24-Hour Market Fluctuations

The New Zealand Dollar (NZD) has seen significant fluctuations in its exchange rate against USDC (USD Coin), with a notable decrease of 50.00% over the last 24 hours.

According to Bybit, as of August 8th, 2026, at 23:44 GMT+8, 1000 NZD is equivalent to approximately 589.40279484 USDC.

This decrease marks a significant shift in the market capitalization of USDC, which currently stands at $122.38B NZD, with a circulating supply of 72B USDC and a 24-hour trading volume of $8.89B NZD.