Qatar Rial Sinks 50% Against USDC in 24 Hours

The Qatari Rial (QAR) has seen significant changes in its exchange rate against USDC, dropping by 50% over the last 24 hours. According to Bybit's real-time market data, 0.001 QAR is currently equivalent to approximately $0.00027444 in USDC. The circulating supply of USDC is a staggering 72 billion.

The exchange rate has fluctuated in the past, with an all-time high of ﷼1.04 and an all-time low of ﷼0.877647. The current market capitalization stands at ﷼72.15B.

Users can convert QAR to USDC on Bybit with zero conversion fees and a 15-second rate lock once confirmed. This allows for accurate conversions without hidden charges or spreads.