#TradeFiRevolution
๐ ๐ฝ๐๐ฃ๐๐ฃ๐๐ ๐๐๐ฌ ๐๐๐ฟ๐พ ๐๐๐๐ง๐ฃ & ๐๐๐ง๐ฃ ๐๐ช๐๐ฏ โคต๏ธ
โ๏ธ Complete #quiz & #earn 0.52 $USDC
๐๐ช๐๐ฏ : What feature makes USDC distinct from other cryptocurrencies?
๐ผ๐ฃ๐จ๐ฌ๐๐ง : Its value is backed by US dollars.
๐๐ช๐๐ฏ : Which of the following best describes the use cases of USDC?
๐ผ๐ฃ๐จ๐ฌ๐๐ง : USDC allows for quick peer-to-peer transactions, can be spent with merchants, and is used for trading.
๐๐ช๐๐ฏ : Select an advantage of using USDC over traditional banking methods.
๐ผ๐ฃ๐จ๐ฌ๐๐ง : Near-zero transaction costs.
๐๐ช๐๐ฏ : Which entity issues USDC?
๐ผ๐ฃ๐จ๐ฌ๐๐ง : Circle.
๐๐ช๐๐ฏ : What backs every USDC?
๐ผ๐ฃ๐จ๐ฌ๐๐ง : Highly liquid cash and cash-equivalent assets.
๐๐ช๐๐ฏ : What is USDC?
๐ผ๐ฃ๐จ๐ฌ๐๐ง : A digital dollar that is pegged 1:1 to the US Dollar.
๐๐ช๐๐ฏ : What ensures the transparency and security of USDC reserves?
๐ผ๐ฃ๐จ๐ฌ๐๐ง : Monthly attestation reports published by Circle.
๐๐ช๐๐ฏ : How quickly can USDC transactions typically settle?
๐ผ๐ฃ๐จ๐ฌ๐๐ง : In seconds.
