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🔹 Quiz Answers:

1️⃣ What ensures the transparency and security of USDC reserves?

✅ B) Monthly attestation reports published by Circle.

2️⃣ What backs every USDC?

✅ C) Highly liquid cash and cash-equivalent assets.

3️⃣ What is USDC?

✅ B) A digital dollar that is pegged 1:1 to the US Dollar.

4️⃣ Select an advantage of using USDC over traditional banking methods.

✅ C) Near-zero transaction costs.

5️⃣ How quickly can USDC transactions typically settle?

✅ B) In seconds.

6️⃣ Which entity issues USDC?

✅ B) Circle.

7️⃣ What feature makes USDC distinct from other cryptocurrencies?

✅ B) Its value is backed by US dollars.

8️⃣ Which of the following best describes the use cases of USDC?

✅ B) USDC allows for quick peer-to-peer transactions, can be spent with merchants, and is used for trading.

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