TechCointelegraphabout 2 hours ago
US Accounting Rules Could Boost Stablecoins
4 min read
The Financial Accounting Standards Board proposes treating qualifying stablecoins as cash equivalents on corporate balance sheets by Nov. 19. This change could improve liquidity ratios for companies holding tokens like USDC, provided they have direct redemption rights with issuers, potentially altering how treasuries manage assets compared to current practices where such holdings often do not count toward reported cash reserves.
Level
Hype check
Tap to vote and see what everyone thinks.
