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
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