What was a major factor leading to the crypto credit crisis according to William Quigley?
Tether Has Stood the Test of Time, Says Co-founder

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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Excessive leverage in CeFi
Stable coin regulations
Lack of crypto adoption
High transparency in DeFi
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of stable coin is Tether classified as?
Commodity-backed stable coin
Crypto-backed stable coin
Fiat-backed stable coin
Algorithmic stable coin
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is Tether considered more reliable than algorithmic stable coins?
It is backed by fiat or fiat equivalents
It is backed by gold reserves
It is controlled by a single entity
It is not traded frequently
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What percentage of Tether's reserves is made up of cash and cash equivalents?
50%
70%
85%
100%
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does Tether contribute to the crypto trading ecosystem?
By increasing market volatility
By reducing transaction fees
By providing a stable trading pair
By being a volatile trading pair
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a potential benefit of private stable coins over government-issued digital currencies?
Higher transaction fees
Slower innovation
Faster innovation
Less transparency
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why might central governments be interested in tokenizing their fiat currencies?
To eliminate the need for stable coins
To increase cash circulation
To reduce digital transactions
To leverage the benefits of tokenization
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