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Stablecoins, CBDCs & Commercial Bank Money Tokens Explained
Rating: 4.8 out of 5(50 ratings)
1,262 students

Stablecoins, CBDCs & Commercial Bank Money Tokens Explained

A practical introduction to stablecoins, CBDCs, Commercial Bank Money Tokens, their regulation, usage, and risks
Created byAl Zailskas
Last updated 5/2026
English

What you'll learn

  • Understand what money is in the classical sense and the main categories of money-like assets, such as gold, stablecoins, and cryptocurrencies
  • Get a practical introduction to Central Bank Digital Currencies (CBDCs) and Commercial Bank Money Tokens (CBMTs), including their potential use cases
  • Learn what stablecoins are, how they are regulated—especially by the U.S. GENIUS Act—and how they are backed in practice
  • Learn about key use cases of stablecoins, such as payments with Visa or Mastercard, and understand their main risks for users of stablecoins

Course content

7 sections • 13 lectures • 43m total length

  • Three Functions of Classical Money2:28
  • What Is Officially Recognized as Money?1:40

    Understand what counts as money today by distinguishing central bank money, including banknotes, coins, and central bank reserves, from commercial bank money or deposit money, and recognize deposit insurance.

Requirements

  • No prior knowledge required

Description

Understand how stablecoins, Central Bank Digital Currencies (CBDCs), and Commercial Bank Money Tokens (CBMTs) work today—and how they might shape the future of digital money. This practical course covers their structure, main features, regulation, key risks, and a few real-world use cases globally.

You will start by reviewing what officially recognized money is and how money-like assets fit into today’s financial system. Then, you will get an introduction to Central Bank Digital Currencies (CBDCs) and Commercial Bank Money Tokens (CBMTs), before diving deeper into stablecoins, the fastest-growing segment in digital finance. You will see a comparison of stablecoins with traditional money, highlighting their similarities and differences.

The course covers current and planned regulations, including the US Genius Act and its implications in the US and globally for stablecoin issuers and users. You’ll also learn about reserve requirements, few real-world applications, and key risks for users and investors.

While this course does not cover trading or technical blockchain development, it provides a practical understanding of stablecoins as a bridge to crypto and possible future financial systems.

By the end of this course, you will have a clear, big-picture understanding of stablecoins, CBDCs, and CBMTs, helping you make informed decisions in finance and digital asset contexts.

Who this course is for:

  • This course is for anyone who wants to understand how new forms of digital money fit into today’s financial system. Learners will get an introduction to Central Bank Digital Currencies (CBDCs) and Commercial Bank Money Tokens (CBMTs). The main focus of the training is on stablecoins—their practical meaning, regulation, key risks, and real-world use cases. No prior technical or blockchain knowledge is required

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