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
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