Stablecoin Fundamentals Masterclass

The Stablecoin Masterclass on 101 Blockchains offers a detailed understanding of stablecoins and their use cases. Learners will also discover detailed information regarding the different types of blockchain alongside the risks related to them. The course will also help learners reflect on topics such as economics underpinning algorithm-based stablecoins. You will also find important information in the Masterclass on the best practices for stablecoin analysis.

The 101 Blockchains Stablecoin Masterclass is an ideal choice, specifically for senior leaders and decision-makers, financial service consultants, and software developers. Innovation managers and entrepreneurs can discover new ideas thanks to their new understanding of stablecoins. In addition, any individual can benefit from learning about the impact of stablecoins on the ways transactions are carried out.

The first reason to choose the new stablecoin course on 101 Blockchains refers to the stability introduced in the world of cryptocurrencies. Stablecoins have a unique mechanism for tracking assets against their value in real currency. Therefore, the adoption of stablecoins could introduce new opportunities for development of new and innovative financial solutions. Most importantly, the different topics covered in the course present a detailed impression of how stablecoins are utilized in the real world.

101 Blockchains gives you the opportunity to reach our subject matter experts with any type of query regarding the course or the related topics. We guarantee a fast and detailed reply to any question or request, including troubleshooting queries related to the course.

You do not have to follow any prerequisites before enrolling in the 101 Blockchains Stablecoin Masterclass. On the contrary, it is important to have a basic understanding of blockchain and its use cases in digital currency. The fundamental concepts of blockchain and basic terminology can help you familiarize yourself quickly with stablecoins.

The 101 Blockchains Stablecoin Masterclass will include a live session of 90 minutes. However, you don’t have to worry about completing the course in this 90 minutes time frame. You can easily use the recordings of the Masterclass to review the topics at a later time, thereby you have adequate flexibility in learning about stablecoins.

Stablecoins are available in different types, and all of them have a single objective. They are primarily focused on offering stability. With the help of stability in the cryptocurrency market, stablecoins can encourage the participation of investors who were apprehensive to enter the market due to profound levels of volatility.

The possible ‘stablecoin invasion’ in recent times has been characterized by the introduction of almost 200 stablecoins. With the majority of these stablecoins released or under development all over the world, the popularity of stablecoins is undeniable. Most importantly, the New York State Department of Financial Services has recently approved two stablecoins with the backing of the US Dollar. The two new stablecoins are the Gemini Dollar (GUSD) and the Paxos Standard (PAX).

Any detailed account of stablecoins explained properly must include an outline of the different types of stablecoins. The four distinct types of stablecoins are fiat-collateralized, crypto-collateralized, commodity-collateralized, and non-collateralized stablecoins.

The foremost limitation of stablecoins is evident in fiat-collateralized stablecoins, which are essentially centralized in nature. Therefore, traders have to place their trust in the exchange. In addition, fiat-backed stablecoins are subject to limitations of the regulations associated with fiat currencies. Furthermore, commodity-backed stablecoins offer limited liquidity which means it is difficult to redeem them.

Citizens could exchange their volatile fiat currency with USD-backed or EUR-backed stablecoins in order to avoid loss of their savings. Stablecoins could offer the most promising solution by allowing users to exchange depreciating currency holdings for a stable currency. Therefore, stablecoins can be considered a significant tool to establish safeguards against global market volatility. Interestingly, the interest in the ‘stability’ of stablecoins has helped in fuelling a massive 300% growth in 2020.

The new stablecoin course on 101 Blockchains is an ideal instrument for business owners to discover new avenues for using stablecoins in transaction settlements. The detailed explanation of the economics underlying the algorithm-based stablecoins will also help business owners understand the feasibility of adopting stablecoins.