Question 1

What is the primary characteristic of stablecoins that distinguishes them from other cryptocurrencies?

Accepted Answer

Their value is pegged to an alternative asset

Answer

They are more volatile

Answer

They are issued by central banks

Answer

They can only be used for international transactions

Question 2

According to the video, what percentage of stablecoins in circulation reference the U.S. dollar?

Accepted Answer

90%

Answer

50%

Answer

75%

Answer

100%

Question 3

What is the main purpose of the GENIUS Act?

Accepted Answer

To create a regulatory framework for stablecoins

Answer

To replace the U.S. dollar with digital currency

Answer

To promote the use of Bitcoin

Answer

To ban all cryptocurrencies

Question 4

What does USDC stand for in the context of the video?

Accepted Answer

USD Coin

Answer

Universal Stable Digital Coin

Answer

United States Digital Currency

Answer

Unified Secure Digital Cash

Question 5

What advantage do stablecoins offer over traditional banking systems, according to the video?

Accepted Answer

Ability to send money outside of banking hours

Answer

Higher interest rates

Answer

Free international transfers

Answer

Government-backed insurance

Question 6

What is the 'Terra Luna test' mentioned in the video?

Accepted Answer

An example of a failed stablecoin project

Answer

A method to verify the stability of cryptocurrencies

Answer

A regulatory standard for digital currencies

Answer

A blockchain security protocol

Question 7

How would the GENIUS Act address national security concerns related to stablecoins?

Accepted Answer

By creating a level playing field with anti-money laundering measures

Answer

By banning foreign stablecoins

Answer

By requiring all transactions to be reported to the government

Answer

By limiting stablecoin use to domestic transactions only

Question 8

What is described as a potential consequence of not having the GENIUS Act in place?

Accepted Answer

U.S. entities being at a disadvantage to offshore companies

Answer

Increased inflation rates

Answer

A ban on all cryptocurrency trading

Answer

The collapse of the U.S. dollar

Question 9

According to the video, what unique aspect of stablecoins makes them an 'export product'?

Accepted Answer

The rendering of U.S. dollars on internet-connected devices

Answer

Their backing by precious metals

Answer

Their use in international trade agreements

Answer

Their ability to be mined internationally

Question 10

What does the interviewee suggest is rare about the GENIUS Act?

Accepted Answer

The bipartisan support it has received

Answer

Its focus on environmental issues

Answer

Its technological complexity

Answer

The speed at which it was drafted

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