U.S. accounting-standards group proposes way to see stablecoins as 'cash equivalent'
Covered by 2 sources · 2 articles
2 outlets - including Coinotag and Coindesk - are covering this story. FASB proposed classifying certain stablecoins as cash equivalents under U.S. GAAP, with public comments accepted through November 19.
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FASB Proposes Cash-Equivalent Accounting for Stablecoins, Nov. 19 Comment Deadline
FASB proposed classifying certain stablecoins as cash equivalents under U.S. GAAP, with public comments accepted through November 19.
U.S. accounting-standards group proposes way to see stablecoins as 'cash equivalent'
The Financial Accounting Standards Board, a nonprofit that governs accounting practices, proposed that certain stablecoins should fit the bill as cash-like.