Binance Learn & Earn USDC

Which entity issues USDC?
✅ B) Circle.

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

What feature makes USDC distinct from other cryptocurrencies?
✅ B) Its value is backed by US dollars.

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.

Select an advantage of using USDC over traditional banking methods.
✅ C) Near-zero transaction costs

What ensures the transparency and security of USDC reserves?
✅ B) Monthly attestation reports published by Circle

How quickly can USDC transactions typically settle?
✅ B) In seconds.

What backs every USDC?
✅ C) Highly liquid cash and cash-equivalent assets.

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