BETA
Chapter 1
The magic of the digital peg
Chapter 2
Global lifelines in times of crisis
Chapter 3
The invisible plumbing of global finance
Chapter 4
The battle for the future of money
YOUR GOAL
Master of How stablecoins rule global money
Ch 1 · The magic of the digital peg
nic Digital Pegs
Digital dollars, stable and fast, Pegged to real assets, built to last. Global finance, moving past!
nic Algorithmic stablecoins attempted to maintain their peg using computer code and supply manipulation instead of actual cash reserves.
nic Fiat-collateralized stablecoins maintain their value by holding real-world assets like cash and government bonds in bank reserves.
Fun Fact
Tether's treasury: Tether holds over $100 billion in US Treasury bills, making it a larger holder of US government debt than countries like Australia or Spain.
Quiz
What year was the first major stablecoin, Tether, originally launched under the name Realcoin?
Quiz
What asset do fiat-backed stablecoins primarily use to maintain their 1-to-1 value with the US dollar?
Quiz
What is the term used when a stablecoin's value falls below its targeted 1-to-1 fiat currency ratio?
Quiz
How do stablecoin issuers prove to the public that they actually hold the dollars backing their coins?
Quiz
What major algorithmic stablecoin collapsed in May 2022, wiping out $40 billion in value?