Cryptocurrencies and stablecoins are reshaping the way we think about money, payments, and financial systems. This lecture provides an accessible introduction to digital currencies and the underlying blockchain technology. Key topics include:

• The history and development of stablecoins
• Mechanics and differences between cryptocurrencies and stablecoins
• Digital assets as investment vehicles versus functional units within blockchain networks
• Impact on banking, financial systems, and technological innovation
• Practical applications in finance and payments
• Global and domestic trends in digital currency adoption
• The distinction between owning and using cryptocurrencies for individuals and businesses

Larry Angelilli, a 1977 alumnus and a generous supporter of the department, is a financial services executive with over 30 years of experience in global banking and payments. He previously served as Chief Financial Officer and Executive Vice Chairman of MoneyGram International and has extensive expertise in international payments, financial technology, and emerging digital currencies.