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