Are stablecoins considered cash? After the Genius Act, stablecoin accounting rules may undergo adjustments.The Financial Accounting Standards Board (FASB) in the United States will study whether stablecoins can be classified as cash equivalents, how to account for the transfer of crypto assets, and other related issues in 2026. Behind this discussion are the tug-of-war between regulation, politics, and capital markets over the recognition of crypto assets, which concerns risk disclosure, transparency, and comparability. This article is based on an article by Mark Maurer, organized, compiled, and written by BlockBeats.
(Previous background: South Korea delays "Korean Won stablecoin," missing the Asian first launch, with disagreements between banks and the Financial Services Commission)
(Additional background: People's Bank of China Governor Pan Gongsheng: Insist on cracking down on cryptocurrencies! Stablecoins are still in the early development stage, with a strong push for digital renminbi development)
Table of Contents
FASB to study accounting treatment issues for crypto assets
Can stablecoins be considered as cash equivalents?
Accounting treatment for crypto asset transfers
FASB independence
動區BlockTempo·9m ago