TRY Slumps 50% Against USDCoin in 24 Hours

The Turkish Lira (TRY) has fallen significantly against the USDCoin (USDC), a cryptocurrency pegged to the US dollar. According to Bybit, one thousand TRY is now equivalent to approximately twenty point nine six five USDC.

This represents a decline of 50% in value over the last 24 hours. The current exchange rate is updated in real-time on Bybit's platform, which offers zero conversion fees and 350+ cryptocurrencies for trading.

The circulating supply of USDC is 72 billion, with a market capitalization of ₺3.44T TRY and a 24-hour trading volume of ₺191.63B TRY.