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    Question

    Under the proposed U.S. "Genius Act", what is the core

    requirement for companies issuing stablecoins? 
    A Must be backed by gold reserves Correct Answer Incorrect Answer
    B Pegged to multiple global currencies Correct Answer Incorrect Answer
    C Backed by crypto tokens only Correct Answer Incorrect Answer
    D Backed fully by liquid assets like US Dollars and T-Bills Correct Answer Incorrect Answer
    E No reserve requirement Correct Answer Incorrect Answer

    Solution

     Explanation: The Genius Act proposes that stablecoins must be fully collateralized by safe and liquid reserves like USD and Treasury Bills, ensuring redemption stability.

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