Stablecoins (USDT, USDC, DAI) MCQs

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1. : Which company issues the stablecoin USDT (Tether)?





2. : Which stablecoin is managed by Circle and Coinbase?





3. : DAI stablecoin is primarily issued by which protocol?





4. : What is the main peg of USDT, USDC, and DAI?





5. : Which stablecoin is algorithmic and decentralized?





6. : Which stablecoin has the largest market capitalization as of 2025?





7. : Which of these stablecoins is fully collateralized by U.S. Treasury bonds and cash reserves?





8. : What blockchain was the first to host USDT?





9. : Which stablecoin uses over-collateralization with crypto assets?





10. : Circle is headquartered in which country?





11. : Who founded Tether?





12. : Which stablecoin collapsed in 2022, causing major controversy?





13. : What backs most of USDT’s reserves?





14. : MakerDAO governance uses which token?





15. : Which stablecoin is most widely used on Tron blockchain?





16. : Which stablecoin is considered “decentralized”?





17. : Which network hosts USDC?





18. : What year was Tether (USDT) launched?





19. : What is the primary risk of algorithmic stablecoins compared to fiat-backed?





20. : Which of these is NOT a stablecoin?





21. : Which company is behind USDC?





22. : What does DAI stand for?





23. : Which stablecoin’s reserves are most frequently audited?





24. : What is the typical value of a stablecoin like USDT?





25. : Which blockchain community primarily created DAI?





26. : Which stablecoin was once controversially accused of manipulating Bitcoin’s price?





27. : USDC reserves are primarily held in what form?





28. : Which stablecoin is used in DeFi lending platforms like Aave and Compound most frequently?





29. : Who co-founded Circle, the issuer of USDC?





30. : What mechanism keeps DAI stable?





31. : Which stablecoin briefly lost its peg during the Silicon Valley Bank collapse in 2023?





32. : Tether is most actively traded on which blockchain?





33. : Which stablecoin allows users to generate it by locking collateral?





34. : The peg of stablecoins is usually maintained at?





35. : Which of the following is an Ethereum-based stablecoin?





36. : Who regulates Circle’s USDC in the U.S.?





37. : MakerDAO uses which consensus blockchain?





38. : Which stablecoin often faces criticism for lack of transparency?





39. : What does the term “redeemability” in stablecoins mean?





40. : Which stablecoin has governance controlled by holders of MKR token?





41. : In what year did Circle launch USDC?





42. : Stablecoins are mainly used for?





43. : Which of these stablecoins is NOT fiat-backed?





44. : Which blockchain is most used for DeFi apps utilizing DAI?





45. : What is the maximum supply of USDC?





46. : Which stablecoin issuer faced New York Attorney General scrutiny in 2019?





47. : What is the role of oracles in DAI’s stability?





48. : Which stablecoin is known as “programmable money” in DeFi?





49. : Which stablecoin issuer works under the consortium called CENTRE?





50. : Which stablecoin among these is considered the most decentralized?





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