BREAKING NEWS: SEC Declares Fully Collateralized Stablecoins as Cash Equivalents!
In a game-changing decision, the SEC now allows publicly traded companies to treat fully collateralized stablecoins — such as Circle's $USDC and Paxos' $USDP — as cash equivalents on their balance sheets. This historic decision could unlock billions in institutional capital, paving the way for traditional financial markets (TradFi) to embrace stablecoins as legitimate money.
❌ Algorithmic stablecoins are excluded from this guidance.
