TREE NEWS reports: The US Financial Accounting Standards Board (FASB) has proposed that stablecoins can only be classified as cash equivalents if holders have direct redemption rights with the issuer and the tokens are backed by one-to-one liquid reserves, with secondary-market liquidity alone insufficient. This move could impact how companies account for stablecoin holdings.
FASB Proposes Stablecoin Cash-Equivalent Conditions
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
13m ago
China Logistics Prosperity Index Rises to 50.9% in August
25m ago
Uruguay declares health emergency over H5 bird flu
37m ago
Nepal landslide death toll rises to 1,342, 4,898 missing
44m ago
China’s Gyirong landslide donations top 660M yuan
53m ago
US Military Probes Leak of Advanced Weapons Stockpile Info
1h ago
Canada Faces Data Center Backlash as AI Plans Advance