#CircleIPO

The hashtag #CircleIPO refers to Circle, the company behind $USDC, planning to go public (via an Initial Public Offering).

But again, to clarify:

#CircleIPO / $USDC is not related to the massive algorithmic collapse in 2022.

Circle’s $USDC is a centralized, fully collateralized stablecoin, and its backing is regularly audited.

The 2022 collapse in question involved UST / LUNA, which were decentralized, algorithmic, and not fully backed by reserves.

Summary:

PairTypeCollapsed in 2022?Lost $40B+?UST / LUNAAlgorithmic stablecoin✅ Yes✅ YesUSDC / CircleFully backed stablecoin❌ No❌ No

So despite the buzz around #CircleIPO, it has nothing to do with the quiz question. ✅ Stick with UST / LUNA as your answer.