Saudi Riyal Plunges 50% Against USDCoin in 24-Hour Period

The Saudi Riyal (SAR) has seen significant fluctuations in its value against the USDCoin (USDC) over the past 24 hours. As of August 11, at 20:05 GMT+8, 500 SAR is equivalent to approximately 133.46 USDC, a decrease of 50.00% from the previous day's value.

The current exchange rate for USDC against SAR on Bybit is 1 USDC = 0.2669125199317932 SAR, with a market capitalization of 270.07B SAR and a 24-hour trading volume of 30.76B SAR.

USDC has seen a notable decline in value over the past day, but its circulating supply remains at 72B USDC.