Chapter 1
The magic of the digital peg
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Chapter 2
Global lifelines in times of crisis
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Chapter 3
The invisible plumbing of global finance
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Chapter 4
The battle for the future of money
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YOUR GOAL
Master of How stablecoins rule global money
Ch 4 · The battle for the future of money
Fun Fact
China's digital yuan: China's central bank digital currency, the e-CNY, has already processed billions in transactions, even allowing tourists to pay using digital wallets.
Glossary
stablecoin (noun)
A cryptocurrency whose value is pegged to that of another currency, commodity, or financial instrument. In 2025, the United States introduced the GENIUS Act to regulate these private digital assets.
A cryptocurrency whose value is pegged to that of another currency, commodity, or financial instrument. In 2025, the United States introduced the GENIUS Act to regulate these private digital assets.
Quiz
Which country was among the first to launch a nationwide pilot of its Central Bank Digital Currency, the e-CNY?
Quiz
Why are financial regulators concerned about a potential 'bank run' on a major stablecoin?
Quiz
What is a primary concern critics raise regarding the widespread use of government-issued CBDCs?