USDC Value Plummets 50% in 24 Hours on Bybit

The cryptocurrency USDC has experienced a significant decline in value over the past 24 hours. According to Bybit, one unit of USDC is currently equivalent to approximately 0.05613314 Indonesian Rupiah (IDR), down by 50.00% from its previous value.

As of August 10th at 07:10 GMT+8, the market capitalization of USDC stands at IDR1287.44T with a circulating supply of 72B units. The 24-hour trading volume for USDC has been substantial at IDR80.33T.

Bybit users can convert their IDR to USDC at zero conversion fees and enjoy real-time exchange rates. The platform's aggregated market-maker quotes provide accurate and up-to-date values, giving traders confidence in their transactions.