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Morning Edition · Wednesday, August 19, 2026Published at 1:47 AM EDT · New York
US Accounting Board Proposes Letting Some Stablecoins Count as Cash Equivalents
The Financial Accounting Standards Board would require a stablecoin to meet conditions on redemption, reserves, and liquidity before a company could put it on the same balance-sheet line as bank deposits.
The Financial Accounting Standards Board (FASB), which sets US generally accepted accounting principles, proposed that certain stablecoins should be treated as cash equivalents on corporate balance sheets. crypto.news reports the board set…
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Race to Bank and Distribute Stablecoin Reserves
Over 3-6 months, established financial and payments firms compete to custody stablecoin reserves and embed stablecoin rails into cross-border settlement, institutionalizing the plumbing beneath stablecoins.
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