Stablecoins: Keeping Crypto Steady Quiz

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Stablecoins: Keeping Crypto Steady: a General level Cryptocurrency quiz. Test your knowledge with 13 questions!
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Questions

Question 1
What is the primary purpose of a stablecoin?
A To replace all paper money
B To avoid price volatility
C To mine new blocks
D To generate high interest
Question 2
What is a fiat-backed stablecoin usually pegged to?
A Gold reserves
B Bitcoin price
C The stock market
D The US Dollar
Question 3
What do stablecoin issuers use to maintain their peg?
A Mining hardware
B Social media influence
C Random lottery draws
D Collateral assets
Question 4
Which stablecoin is one of the most widely used?
A Cardano
B Litecoin
C Dogecoin
D Tether (USDT)
Question 5
Why do traders use stablecoins during market crashes?
A To unlock new blockchains
B To pay for electricity
C To increase their risk
D To protect their portfolio value

📋 This quiz has 13 questions in total.

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