From Stablecoins to On-Chain Finance: Building the Infrastructure of a New Financial Era

About the Course

Stablecoins have evolved from initial trading settlement tools into the core infrastructure of the on-chain financial system. This course starts with stablecoins to systematically sort out the logic behind the formation of on-chain finance: from the monetary layer and liquidity networks to credit generation mechanisms, and then to a structural comparison with the traditional financial system. By deconstructing the relationships among stablecoins, DeFi protocols, and financial infrastructure, it helps readers understand how on-chain finance is restructuring the financial system at both technical and institutional levels.

What You Will Learn

• The credit structure and issuance mechanisms of stablecoins
• How stablecoins become the basis for pricing and settlement in on-chain finance
• How on-chain liquidity networks (DEXs, cross-chain bridges, liquidity pools) are formed
• The operational logic of DeFi lending, interest rate markets, and automated liquidation
• Differences between on-chain finance and traditional finance in account systems, settlement structures, and credit mechanisms
• Potential pathways for integrating stablecoins with Real World Assets (RWA)