🗣️ SEC Simplified Accounting for Stablecoins in the USA

The U.S. Securities and Exchange Commission (SEC) has issued new guidelines: now some stablecoins can be accounted for as cash equivalents:

🔴 Companies can reflect fully backed stablecoins (such as USDC or USDP) on their balance sheets as 'cash'.

🔴 This only applies to dollar tokens that are backed by real collateral and can be exchanged for dollars.

🔴 Such tokens must not be volatile (i.e., their price should not fluctuate).