Stablecoins have emerged as the first "killer app" of the crypto space, with annual on-chain transaction volume now exceeding $30 trillion — surpassing Visa and Mastercard combined. Yet most people, including many finance professionals, do not understand how they work, what distinguishes one type from another, or what risks they carry. This course, taught by Duke University Professor Campbell R. Harvey, provides a rigorous yet accessible foundation in stablecoin design, mechanics, and risk. You will learn how fiat-backed stablecoins like USDT and USDC maintain their peg, why tokenized gold could revive a voluntary gold standard, how crypto-collateralized systems like MakerDAO mirror central bank operations, and what caused the $40 billion Terra/Luna collapse. The course details a comprehensive risk taxonomy and an overview of emerging regulatory frameworks, including the GENIUS Act. It concludes that stablecoins will be the currency of the new world of AI-enabled agent-to-agent commerce. Whether you are a finance professional, policymaker, developer, or informed investor, this course equips you to evaluate stablecoins critically - understanding not just the opportunity, but the risks that come with a technology reshaping global payments.
Very good! Material explained in easy to understand format.
This is an excellent course on stable coin. Professor Harvey 's teaching style is clear, concise and powerful !
Great course. Fast and very passionate professor.
Use stable coins to end the government monopoly of currency.
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This is very good introductory course for well-balanced view of Stablecoins. Hope to have other types of modules or other courses to have bird view of global development of Stablecoins. RWA related developments. Thank you.
As a non-native English speaker, I greatly appreciated Professor Harvey's clear and engaging teaching style. The topic of stablecoins was presented with a wealth of practical examples, which allowed me to build a solid foundational understanding of the subject. Although the course was designed to take approximately eight hours, it took me considerably longer to complete because I frequently paused the videos to take notes and gain a deeper understanding of the material. I highly recommend this course to anyone looking for an excellent introduction to the world of stablecoins. Se desideri una versione più entusiastica e "americana" da pubblicare su Coursera, Udemy o piattaforme simili, potrei renderla ancora più incisiva.
Great overview content on Stablecoins and some of the implications for finance and business. I now understand the difference between (payment) stablecoins as defined by the Genius Act and other various cryptocurrencies as well as the purposes for stablecoin in payment systems and efficiency as well as the reasons for the wild volatility of non stablecoin cryptocurrencies like Bitcoin.
The course really allows the layman to get up to speed about cryptos. The instructor has other courses to help you to understand the underlying technology for crypto and the basis for looking at it. Definitely a course for anyone who plans to live, spend and invest in the very near future.
The content was excellent and exceeded my expectations. I’m now considering enrolling in both the Gold Market Foundations and Gold and Bitcoin courses to further deepen my knowledge. — A continuous learner from Paris, France.
It's a great course! Professor Harvey has an excellent way of explaining things. I enjoyed the course very much. The only thing that I feel was missing was an option to download the slides from the presentations.
This is an excellent course on stable coin. Professor Harvey 's teaching style is clear, concise and powerful !
Very interesting overview, describing the different types, how they work, benefits, risks.
Use stable coins to end the government monopoly of currency.
Very good! Material explained in easy to understand format.
Great course. Fast and very passionate professor.
The instructor kept my interest at all times.