CoinDCX Learn & Earn USDC Quiz Answers

CoinDCX Learn & Earn USDC Quiz Answers :

Question 1) Each $USDC is backed by US Dollar stored in the form of?

Answer-Cash Reserves + US Treasury Bonds

Question 2)Circle’s APIs help you make payments in ?

Answer-In USDC

Question 3)How is USDC’s multi-chain transfer beneficial?

Answer-Transfer Takes Lower fees & is transparent

Question 4)What is one of the long term goals of USDC ? 

Answer- Facilitate dApps and Service Provider Payments

Question 5)What is the market cap of $USDC and total tokens in supply ? ( as of Feb ’23)

Answer- $42.4 Billion & 42.4 billion tokens

Question 6)When was the upgrade to enhance & popularise $USDC in daily commerce announced?

Answer -In 2020