USDCoin Plunges 50% Against Philippine Peso in 24 Hours

The Philippine Peso (PHP) has seen significant fluctuations in its value against the USDCoin (USDC) over the past day, according to Bybit. As of August 11, 2026, at 24:01 GMT+8, 1000 PHP is equivalent to approximately 16.46193676 USDC.

This marks a decline of 50% in the value of USDC against PHP over the last 24 hours.

The current market capitalization of USDC stands at PHP72.25B, with a circulating supply of 72.26B units.