Circle CEO: FASB Digital Asset Rules Could Boost USDC Institutional Adoption

The operative word here is accounting, not crypto. Institutions have been able to hold digital assets for years; what has kept many on the sidelines is the uncertainty over how those holdings sit on a balance sheet and what that does to reported earnings. Clearer treatment lowers that internal compliance hurdle, which matters most for stablecoin issuers competing for treasury and settlement mandates. Whether a proposal alone shifts institutional behavior, or whether the change has to be finalized first, is the open question.