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.