Crypto
USDC Exchange Rate Plummets by 50% Overnight
The USDC (USD Coin) exchange rate has taken a significant hit in the past 24 hours, dropping by 50.00%. As of August 11, 2026, at 13:34 GMT+8, 1 EUR is equivalent to approximately 1.15410792828 USDC.
According to Bybit's market data, the current exchange rate for USDC is €1.154107928276062 EUR per unit. This means that if you were to convert 1000 EUR to USDC on Bybit, you would receive approximately 1,154.10792828 USDC.
The decrease in value over the past day has sparked concern among investors, with some questioning the stability of the cryptocurrency market. However, it is essential to note that this drop may be a temporary correction rather than a long-term trend.