Stablecoins & DeFi

The mechanics and the risks, treated soberly.

Inside this lesson

Define what a stablecoin attempts to do.
Compare fiat-collateralized and algorithmic stablecoin designs.
Explain the concept of DeFi (Decentralized Finance).
Identify the unique risks of stablecoins and DeFi, including smart contract bugs and de-pegging.

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⚖️

Educational content only — not financial, investment, trading, tax, or legal advice, and not an inducement to buy or sell anything. Examples and figures are illustrative, use hypothetical data, and are not predictions. Independent educational material; third-party names are used descriptively and imply no affiliation.