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Stablecoins and Payments: Issuance, Rails and Regulation

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← Stablecoins and Payments: Issuance, Rails and Regulation

1Module 1: Stablecoin Models and Reserves0/6

What is a stablecoin?8m
Fiat-backed stablecoins: USDC, USDT, GBPT
Crypto-backed stablecoins: DAI, sUSD
Synthetic stablecoins and algorithmic models
Reserve models and attestation
Quiz: Stablecoin models
Module quiz

2Module 2: Issuance, Redemption and Custody0/6

Issuance flows: minting and collateral
Redemption and burn mechanics
Custody and multi-sig wallets
Worked example: Issuing 1M USDC
Hands-on: Design an issuance flow
Quiz: Issuance and custody
Module quiz

3Module 3: Payment Rails and Settlement0/7

On-chain settlement: speed and cost
Traditional payment rails: ACH, wire, card networks
Cross-border settlement and CBDC
Stablecoin payment APIs: Circle, Stripe, Thirdweb
Worked example: Building a merchant checkout
Hands-on: Integrate a stablecoin API
Quiz: Payment rails
Module quiz

4Module 4: Regulation and Compliance0/6

The GENIUS Act: reserve requirements and reporting
MiCA: EU stablecoin regulation
Regulatory risk: licensing, AML/KYC
Compliance roadmap for a stablecoin issuer
Hands-on: Audit a stablecoin for regulatory risk
Quiz: Regulation
Module quiz

5Module 5: Risk Analysis and Depeg Case Studies0/7

Depeg mechanics and contagion
Case study: USDC depeg (March 2023)
Case study: UST collapse and Luna (May 2022)
Case study: DAI and Ethereum volatility
Risk framework: liquidity, collateral, governance
Capstone project: Depeg analysis and mitigation
Certificate of completion
Module quiz

Module 4: Regulation and Compliance·Lesson 20 of 32·14 min

The GENIUS Act: reserve requirements and reporting

This lesson is for enrolled learners

The concept This lesson covers the US federal framework for "permitted payment stablecoins," commonly referred to by its legislative shorthand the GENIUS Act, which establishes a licensing and reserve regime for issuers operating in the United States. Four pillars matter most for a practitioner: 1:1 reserve backing with permitted reserve assets. Issuers must hold reserves at least equal to tokens……

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