USDC Value Drops 50% in 24 Hours as Market Cap Hits $102 Billion

The cryptocurrency USDC has seen a significant decrease in value over the past 24 hours, dropping by 50.00%. According to Bybit's exchange rate, 1 AUD is currently worth approximately 0.7061449289321899 USDC. The current market capitalization of USDC is $102.11B AUD, with a circulating supply of 72B.

The last all-time high for USDC was $1.04, while the lowest point reached was $0.877647. In terms of trading volume, USDC has seen $11.63B AUD in activity over the past day.

Bybit's exchange rate is updated in real-time and features zero conversion fees. The platform also offers proof of reserves through on-chain Merkle proofs, verified monthly.