Update 2/27/23: There is now an offer for $1 in USDC
- What’s a stablecoin? A crypto “pegged” to an asset
- What are two types of stablecoins? Algorithmic and fully reserved
- What’s true about USDC? It’s fully reserved
- What’s Circle? The company that issues USDC
- What can you do with USDC? All of the above
Robinhood crypto has launched a new learn and earn program (similar to Coinbase’s learn & earn program). To access this feature you need to Browse → Learn. Currently you can earn $1 in AVAX. Normally I do the Coinbase promos but this requires answering 5 questions for $1, so not sure I’ll actually do it. The questions and answers for AVAX are as follows:
- What’s Avalanche? A scalable blockchain platform
- What is AVAX? Avalanche’s native token
- What are Avalanche’s three blockchains? C-Chain, X-Chain, P-Chain
- What’s a Subnet? A group of validators
- What’s being built on Avalanche? Both of these
