Introduction to Stablecoins

Understand the applications and functions of a stablecoin

About the course

In May 2022, one of the largest stablecoins, Terra’s USD, a cryptocurrency whose value is designed to remain stable at $1 collapsed and lost investors $18 billion dollars.

Stablecoins have become a key pillar in the world of decentralised finance, providing investors with stable crypto assets that are protected from volatility due to assumption that their value is pegged to the dollar. With the collapse of UST however, this assumption has now been broken.

There is a clear need for everyone in finance to understand more about these digital assets. What are they? Who uses them? How do they work? And what are their risks?

This short course will guide you through the noise and provide you with the right foundation to understand the world of stablecoins.

It explains how the two main types of stablecoins work, the risks and regulatory considerations, and details the differences between 10 stablecoins: Tether / USDC / Binance USD / Dai / TrueUSD / Pax Dollar / Neutrino / Frax / Magic Internet Money and of course Terra USD. It also compares collateral-based stablecoins to money market funds, a financial product that has been around for 50 years.

Difficulty: Foundation
Duration: 60mins

$181 billion invested in the top 10 stablecoins prior to the collapse of UST

Statista

Learn directly from an expert in this field!

With this online course, you will:

Skills

Cryptocurrency

Blockchain

Stablecoins

Decentralised Finance

Fintech

The expert you’ll be learning from

Huy Nguyen Trieu

Co-Founder, CFTE

Huy Nguyen Trieu is the Co-Founder of CFTE. He is also the CEO of The Disruptive Group, a business builder and advisory firm in innovation and finance, and Venture Partner at Mundi Ventures, an early-stage VC fund in Fintech and Insurtech. He believes that in a world led by technology, we shouldn’t forget the importance of people, which is why he co-founded CFTE to help people improve their skills and find opportunities.

Prior to setting up CFTE, Huy was a Managing Director at Citi, and previously at Royal Bank of Scotland and Société Générale. Before banking, he was the CEO of Ukibi, a VC-funded startup in the US. He is a frequent keynote speaker in Europe and Asia, likes to teach and share with students and entrepreneurs, and is regularly quoted in articles on innovation and finance. He writes the blog Disruptive Finance, is an Entrepreneurship Expert at Oxford Said Entrepreneurship Centre and a Fintech Fellow at the Centre for Global Finance and Technology at Imperial College. He was also a member of ESMA’s Consultative Working Group for financial innovation and a founding member of the Asian SuperCharger, one of the largest Fintech accelerators in Asia. Huy is a graduate from MIT (US), École Polytechnique (France) and Ecole des Ponts et Chaussees (France).

Course Curriculum

In the first chapter, you will learn what exactly is a stable coin and how far stable coins have come, from the launching of the first stable coin to the downfall of Terra, UST. You will learn the different types of stable coins and how each of them are linked to different asset classes. You will also gain a deeper understanding of the whole stable coin market and how it measures against the whole crypto market.
In the next chapter, you will firstly understand the risk profile of a stable coin, how it fares among other asset classes based on liquidity and risk levels. You will also learn what are the different applications of stable coins.
In the last chapter, you will learn how money market funds(MMF) work and how they are being hedged. You will understand the objectives of the fund managers and how these MMF are regulated. You will then be able to understand the similarities between stable coins and MMF by looking at the disclosure between a collateralized stable coins and a MMF

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Introduction to Stablecoins

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