The US Financial Accounting Standards Board plans to explore classifying certain stablecoins as "cash equivalents" in 2026.
Foresight News reported, according to The Wall Street Journal, that the Financial Accounting Standards Board (FASB) in the United States plans to explore in 2026 whether certain stablecoins qualify as "cash equivalents" and to study how to account for crypto asset transfers, including Wrapped Tokens. This move comes against the backdrop of the Trump administration promoting crypto policies and the passage of the Genius Act.
FASB Chairman Rich Jones stated that the agency has added these crypto projects to its agenda. Previously, in 2023, FASB required companies to use fair value accounting for crypto assets such as Ethereum and Bitcoin, but the rule at that time excluded NFTs and certain stablecoins.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Saudi Arabia’s oil shipments to Asia surged to nearly 100 million barrels, with Aramco proactively covering transportation and delivering directly to China, India, and Japan-South Korea: Supply shortage expectations meet the reality of correction.
According to reports, since the middle of last week, Saudi Arabia has sold approximately 100 million barrels of crude oil to China, India, Japan, and South Korea, with delivery periods covering October and November. At the same time, Saudi Aramco has made a rare commitment in these transactions to handle logistics and transportation, delivering the crude oil directly to Asian customers. Previously, due to soaring oil prices, Asian refineries had been considering reducing operating rates. This large-scale supply has to some extent mitigated the supply risks faced by Asia.
Embracer shareholders vote to cancel dividend, roll SEK 21.7 billion into retained earnings
Kraft Heinz Growth Potential Underestimated, RBC Says
Crypto prices
More
