USDC Transfer Volume Hits 5X That Of USDT Following FTX Collapse
Although it has a much smaller market cap, on-chain data shows that USDC has a much larger transfer volume than its main competitor the USDT.
![USDC transfer volume has hit 5X the USDT in FTX Collapse fallout](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror= redirect,quality=90,width=1434/https://s3.cointelegraph.com/uploads/2023-01/4e705fbb-3a2e-4ed1-8a67-3a44598b1dc7.jpg)
![USDC Transfer Volume Hits 5X That Of USDT Following FTX Collapse](https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDEvNGU3MDVmYmItM2EyZS00ZWQxLThhNjctM2E0NDU5OGIxZGM3LmpwZw==.jpg?#)
Although it has a much smaller market cap, on-chain data shows that USDC has a much larger transfer volume than its main competitor the USDT.
![USDC transfer volume has hit 5X the USDT in FTX Collapse fallout](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror= redirect,quality=90,width=1434/https://s3.cointelegraph.com/uploads/2023-01/4e705fbb-3a2e-4ed1-8a67-3a44598b1dc7.jpg)
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