This advanced course provides a structured and practical introduction to stablecoins and Central Bank Digital Currencies, exploring how digital money is reshaping global payments, liquidity systems, and monetary policy. Learners examine stablecoin mechanisms, CBDC architectures, regulatory frameworks, risk models, and technology integrations across both TradFi and DeFi environments. The program emphasizes real-world adoption trends, AI-enhanced monitoring, programmable money, and scenario-based simulations. Designed for finance professionals, policymakers, developers, and digital-asset analysts, this course equips participants with the strategic and technical insight needed to understand, evaluate, and build within the rapidly evolving digital currency ecosystem.

Growth

Skills & learning objectives

There are 11 modules in this class


  • What Are Stablecoins? Categories and MechanismsUnlock this class to watch4m 11s
  • CBDCs Explained: Motivation, Models, and Global MomentumUnlock this class to watch2m 58s
  • Why They Matter: Payments, Monetary Policy, and Financial InclusionUnlock this class to watch3m 13s
  • Key Players and Milestones in the Digital Currency EcosystemUnlock this class to watch3m 58s
  • Comparison Table: Stablecoins vs. CBDCs vs. CryptocurrenciesUnlock this class to watch2m 17s
  • Mapping the Global Landscape (Practical Exercise + Global Adoption Snapshot)Unlock this class to watch3m 10s

  • Fiat-Backed Stablecoins (e.g., USDC, USDT): Reserves, Risks, and TrustUnlock this class to watch3m 10s
  • Reserve Management – Tether vs. USDC (Audits, Attestations, Stress Responses)Unlock this class to watch2m 12s
  • Crypto-Collateralized Stablecoins (e.g., DAI): Overcollateralization and Protocol DesignUnlock this class to watch2m 21s
  • Algorithmic Stablecoins (e.g., UST, Frax): Stability, Feedback Loops, and Collapse RisksUnlock this class to watch2m 39s
  • Synthetic Stablecoins and Non-USD Pegged ModelsUnlock this class to watch2m 27s
  • Case Study: The Rise and Fall of Terra (UST)Unlock this class to watch2m 14s
  • Comparative Analysis: Stability and Transparency Across 3 Models (Exercise)Unlock this class to watch2m 5s
  • Common Misconceptions: Decentralization, Guarantees, and RegulationUnlock this class to watch1m 36s
  • Stablecoin Peg Deviation TableUnlock this class to watch1m 52s

  • Wholesale vs. Retail CBDCs: Design Objectives and Use CasesUnlock this class to watch2m 1s
  • Key Technical Models: Account-Based vs. Token-Based SystemsUnlock this class to watch2m 1s
  • Centralized vs. Decentralized Ledgers for CBDCsUnlock this class to watch2m 4s
  • Consensus Mechanisms in CBDC PilotsUnlock this class to watch1m 55s
  • Market Overview of Major Stablecoins & CBDCsUnlock this class to watch3m 35s
  • ISO 20022 Standards and Global InteroperabilityUnlock this class to watch2m 7s
  • Privacy, Programmability, and Interoperability Trade-offsUnlock this class to watch2m 16s
  • Case Study: China’s e-CNY vs. Sweden’s e-KronaUnlock this class to watch2m 12s
  • Drafting a CBDC Architecture for a Developing Country (Exercise + Design Blueprint)Unlock this class to watch2m 29s
  • CBDCs and Monetary Sovereignty: Replacing vs. Complementing CashUnlock this class to watch2m 18s

  • Stablecoin Risks: Legal, Operational, and SystemicUnlock this class to watch2m 29s
  • CBDC Risks: Financial Disintermediation and CybersecurityUnlock this class to watch2m 29s
  • Global Regulatory Approaches: MiCA, SEC, FSOC, BISUnlock this class to watch2m 29s
  • AML/KYC Considerations and Sanctions EnforcementUnlock this class to watch2m 28s
  • Legal Status: Stablecoins as Securities?Unlock this class to watch2m 8s
  • Case Study: MiCA Framework and EU Stablecoin RulesUnlock this class to watch1m 59s
  • Comparative Mapping of Regulatory Environments (Exercise + 5 Jurisdictions)Unlock this class to watch2m 59s

  • EU's MiCA FrameworkUnlock this class to watch2m 8s
  • U.S. SEC and FSOC ApproachesUnlock this class to watch1m 42s
  • FSRA and Regional Models (UAE)Unlock this class to watch1m 49s
  • FATF Standards and AML/CFT ObligationsUnlock this class to watch1m 45s
  • Case Study 1: Terra Collapse – Regulatory LessonsUnlock this class to watch1m 21s
  • Case Study 2: Ripple vs. SECUnlock this class to watch1m 33s
  • Comparative Mapping of Jurisdictions (Exercise)Unlock this class to watch

  • Dollar Dominance and the Digital Yuan ChallengeUnlock this class to watch1m 44s
  • Cross-Border CBDCs: mBridge, Dunbar, and Swift’s DLT ExperimentsUnlock this class to watch1m 37s
  • CBDCs and Interest Rate Transmission – Effects on Deposits and BanksUnlock this class to watch1m 21s
  • IMF and BIS Frameworks on CBDCs and Monetary PolicyUnlock this class to watch1m 16s
  • CBDCs in Sanctioned or Fragile States: Innovation vs. ControlUnlock this class to watch1m 3s
  • Stablecoins as Dollar Proxies in Emerging MarketsUnlock this class to watch59s
  • Case Study: Russia, Iran, and BRICS’ CBDC AmbitionsUnlock this class to watch1m
  • Scenario Analysis: CBDCs in a Multipolar World (Exercise + Simulation)Unlock this class to watch1m 20s

  • Real-World Use Cases: Payments, Remittances, and Tokenized AssetsUnlock this class to watch2m 3s
  • The Skeptic’s ViewUnlock this class to watch1m 52s
  • Wallets, Custodians, and Interoperability StandardsUnlock this class to watch2m 9s
  • Integration with DeFi, CeFi, and TradFiUnlock this class to watch1m 51s
  • Government Pilots and Lessons Learned: Nigeria, Bahamas, BrazilUnlock this class to watch1m 18s
  • Quantitative Insert: On-Chain Volume Comparison (USDT vs. USDC vs. DAI)Unlock this class to watch1m 49s
  • Case Study: How Tether Captured Emerging MarketsUnlock this class to watch1m 30s
  • Wallet UX for a CBDC in Africa (Exercise + Prototype Design)Unlock this class to watch1m 48s
  • Comparison Matrix: Adoption Levels and Use Cases by RegionUnlock this class to watch1m 19s

  • Strategic Applications in Trading and InvestingUnlock this class to watch1m 50s
  • AI in Stablecoin Risk AssessmentUnlock this class to watch1m 33s
  • Oracle VulnerabilitiesUnlock this class to watch1m 34s
  • AI Detection of De-Pegging EventsUnlock this class to watch1m 26s
  • Smart Contract-Based Stablecoins: Code is Law?Unlock this class to watch1m 2s
  • AI-Powered Monitoring: Risk, Liquidity, and Blacklist AutomationUnlock this class to watch1m 18s
  • Programmable Money and Central Bank Control FeaturesUnlock this class to watch1m 21s
  • Integration with AI Agents for FX and Transaction AutomationUnlock this class to watch1m 17s
  • Case Study: Tokenized Yield Strategies on ChainUnlock this class to watch1m 23s
  • Smart Contract Build: Simulating a Basic Stablecoin (Exercise + Code Demo)Unlock this class to watch1m 3s

  • Decision Lab – Design Your Own CBDC or StablecoinUnlock this class to watch1m 46s
  • Stablecoins in Trading: Arbitrage, Yield Farming, and RiskUnlock this class to watch1m 18s
  • CBDC Implications for Bonds, FX, and Liquidity ModelsUnlock this class to watch1m 16s
  • Institutional Products: Short-Term Stablecoin Funds and Tokenized Money MarketsUnlock this class to watch1m 8s
  • Assessing Protocol Risk: Audits, Governance, and TreasuryUnlock this class to watch59s
  • Case Study: MakerDAO and DAI Reserve DiversificationUnlock this class to watch1m 2s
  • Portfolio Construction with Stablecoins and CBDC-Linked Assets (Exercise + Risk Analysis)Unlock this class to watch1m 14s
  • Warning Flags: Exit Risk, Peg Breaks, and Regulatory NewsUnlock this class to watch1m 3s

  • Will CBDCs Replace Banks or Empower Them?Unlock this class to watch1m 26s
  • Is There Room for Algorithmic Stablecoins 2.0?Unlock this class to watch1m 16s
  • Tokenized Deposits, Regulated Liabilities Networks, and New ParadigmsUnlock this class to watch1m 24s
  • Ethical, Political, and Societal ImplicationsUnlock this class to watch1m 37s
  • Final Project: Designing a Country’s 5-Year Stablecoin and CBDC StrategyUnlock this class to watch1m 33s
  • Group Debate: Should Central Banks Launch Retail CBDCs?Unlock this class to watch58s
  • ClosingUnlock this class to watch1m 31s

Final exam

Assess your learning with a final exam covering all class topics.

This class is part of the following certifications

Issued by Capital Academy and the American University in Dubai (AUD)
Certified Portfolio & Fund Manager (CPFM)

Certified Portfolio & Fund Manager (CPFM)

63 ClassesUnlimited interactive exercises

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Issued by Capital Academy and the American University in Dubai (AUD)
Certificate in AI-Powered Financial Analysis (CAFA)

Certificate in AI-Powered Financial Analysis (CAFA)

56 ClassesUnlimited interactive exercises

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ClassFAQs

The course aims to provide an in-depth understanding of stablecoins and CBDCs, including their mechanisms, regulatory frameworks, risk models, and real-world adoption across global markets.
The course is designed for professionals in finance, policy, technology, and digital-asset investment who want to evaluate digital currency stability, risk, and adoption.
The module covers fiat-backed, crypto-collateralized, algorithmic, and synthetic stablecoins, along with peg mechanisms, reserve auditing, collateral ratios, governance, and systemic risk case studies.
The course analyzes global regulatory standards, including MiCA, SEC guidance, FATF rules, FSOC oversight, and BIS frameworks, along with compliance expectations for AML/KYC.
Learners will evaluate retail vs. wholesale CBDCs, account- vs. token-based systems, privacy–programmability trade-offs, interoperability, pilot case studies, and global adoption strategies.

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