Binance’s Learn & Earn program is back with a new opportunity—this time featuring USD Coin (USDC). By completing the USDC quiz, eligible users can earn free 0.50 USDC rewards in Locked Products.
If you’re looking for the correct answers to the USDC Quiz, you’re in the right place! Below, we’ve provided a complete guide on how to participate and all the answers to help you pass the quiz successfully.
What is the Binance USDC Quiz and How to Participate?
Binance’s Learn & Earn campaigns allow users to learn about cryptocurrencies and earn rewards by taking quizzes. The USDC Quiz is part of this initiative, giving participants the chance to receive USDC rewards for answering multiple-choice questions correctly.
📅 Campaign Period: February 13, 2025, to February 27, 2025
🎁 Reward: 0.50 USDC tokens in locked products with 10% APR. Reward will be deposited into your Binance wallet within 48 hours of taking the quiz.
📍 Eligibility: Limited to users who complete identity verification and have not subscribed to the Simple Earn product before 13 February. But mostly it becomes available for everyone before the last date. So keep checking it regularly.
📌 How To Participate: Sign Up for Binance if you have not. Log into your Binance account. Tap on the Binance icon in the top left. Click on More services and then Find Learn & Earn. Find USDC quiz in ongoing activities. Click on Start Learning. Complete the quiz.
Binance USDC Quiz Answers
There will be a total of 8 questions in the Binance USDC Quiz and may be asked in random order. Here are the correct answers to the Binance USDC quiz:
Q1: What is USDC?
Answer: A digital dollar that is pegged 1:1 to the US Dollar
Q2: Which entity issues USDC?
Answer: Circle
Q3: What backs every USDC?
Answer: Highly liquid cash and cash-equivalent assets.
Q4: What feature makes USDC distinct from other cryptocurrencies?
Answer: Its value is backed by US dollars.
Q5: What ensures the transparency and security of USDC reserves?
Answer: Monthly attestation reports published by Circle.
Q6: Select an advantage of using USDC over traditional banking methods?
Answer: Near zero transaction cost
Q7: How quickly can USDC transactions typically settles?
Answer: in seconds.
Q8: Which of the following best describes the use cases of USDC?
Answer: USDC allows for quick peer to peer transactions, can be spent with marchants, and is used for trading.
What is Binance’s Learn and Earn Program?
Binance’s Learn and Earn program is an educational initiative that allows users to learn about cryptocurrencies and earn free tokens by completing courses and quizzes. It provides an opportunity for both beginners and experienced traders to expand their knowledge while getting rewarded with various crypto assets.
These rewards are typically credited in Locked Products, meaning they may have a holding period before users can withdraw or trade them. The program covers a wide range of topics, from blockchain fundamentals to advanced trading concepts. If you’re interested in more ways to earn on Binance without investment, check out our detailed guide on 10 Ways to Make Money on Binance.
Final Thoughts
The USDC Quiz is an easy way to earn free USDC rewards while learning about stablecoins and their role in crypto. Make sure to complete the quiz as soon as possible before the rewards run out!
