The US Financial Accounting Standards Board plans to explore classifying certain stablecoins as "cash equivalents" in 2026.
Foresight News reported, according to The Wall Street Journal, that the Financial Accounting Standards Board (FASB) in the United States plans to explore in 2026 whether certain stablecoins qualify as "cash equivalents" and to study how to account for crypto asset transfers, including Wrapped Tokens. This move comes against the backdrop of the Trump administration promoting crypto policies and the passage of the Genius Act.
FASB Chairman Rich Jones stated that the agency has added these crypto projects to its agenda. Previously, in 2023, FASB required companies to use fair value accounting for crypto assets such as Ethereum and Bitcoin, but the rule at that time excluded NFTs and certain stablecoins.
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