USDC Transaction Volume 5x USDT Volume Due to FTX Crash The popularity of the stablecoin USDCoin (USDC) has grown since the crash of the FTX exchange, and today the volume of daily USDC transfers is often four to five times higher than that of its main competitor, Tether (USDT). This is despite USDT having a $23 billion market cap higher than USDC. As of January 10, the difference in transaction volumes was in favor of USDC by four and a half times. Both stablecoins have seen a spike in transfer volumes following Binance CEO Changpeng Zhao’s infamous tweet on Nov.
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Author: NixCoin