Crypto
USDC Value Plummets 50% Overnight on Bybit
The USDC (USD Coin) has seen a significant decline in value over the past 24 hours, dropping by 50.00%. According to Bybit's exchange rate, $1 USD is currently equivalent to 1 USDC.
As of August 10th at 15:29 GMT+8, the market capitalization of USDC stands at $72.17B USD, with a 24-hour trading volume of $5.72B USD. The circulating supply is approximately 72B USDC.
Bybit allows users to convert between USDC and other fiat currencies, including USD, with zero conversion fees. This means that users can enter the amount they wish to convert, and instantly see the equivalent value based on the live exchange rate.