USDC Value Plunges 50% in 24 Hours on Bybit

The cryptocurrency USDC has seen its value drop by 50% over the last 24 hours, according to data from Bybit. As of August 11th at 06:02 GMT+8, one USDC is equivalent to approximately 1.2345280647277832 Swiss Francs (CHF). The current market capitalization of USDC stands at CHF58.52B, with a circulating supply of 72B tokens.

The exchange rate between USDC and CHF is updated in real-time on Bybit, with zero conversion fees and a 15-second rate lock once confirmed. Users can convert their USDC to CHF or vice versa using the platform's calculator tool.