Question 03.

A business owner asks why stablecoins like USDC make the record-keeping for crypto payments simpler than accepting Bitcoin. What is the most accurate explanation?

a. Stablecoins are exempt from IRS reporting requirements, so no records are needed
b. Because USDC is designed to maintain a 1:1 value with the US dollar, its fair-market-value calculation is generally straightforward, although market prices can vary
c. Payment processors do not generate transaction records for stablecoin payments, reducing paperwork
d. Stablecoins are classified as foreign currency by the IRS, which means they follow different accounting rules