According to a report by the Wall Street Journal, Techub News reports that the U.S. Financial Accounting Standards Board (FASB) plans to explore in 2026 whether certain stablecoins qualify as "cash equivalents" and to study how to account for transfers of crypto assets, including wrapped tokens. FASB Chairman Rich Jones stated that the agency has these crypto projects on its agenda. Previously, in 2023, the FASB required companies to use fair value accounting for crypto assets such as Ethereum and Bitcoin, but that rule at the time excluded NFTs and certain stablecoins.
The U.S. Accounting Standards Board plans to explore classifying certain stablecoins as "cash equivalents" in 2026.
This article is machine translated
Show original
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content
