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FASB proposes that certain stablecoins could be treated as cash equivalents on balance sheets, a move that could simplify treasury ops and boost on-chain settlements with $USDC . This may accelerate mainstream crypto adoption and bring clearer rules for crypto finance. #Stablecoins #FASB #CryptoNews
🚨 Do stablecoins also need to be “verified” again?
What the FASB is focusing on this time is—your redemption rights!
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You clearly have 1,000,000 stablecoins in your wallet—so why, in accounting terms, might they not necessarily count as “cash”? 🤔
The Financial Accounting Standards Board (FASB) has recently proposed a new plan, focusing on re-evaluating: what kinds of stablecoins can be listed by companies as cash equivalents.
And here’s the most critical part—not how many coins are in your wallet, but a question many people overlook: do you actually have the right to “redeem directly”? ⚠️
In simple terms, the FASB is looking at three things:
💰 First, how many stablecoins you hold.
📄 Second, whether you have a direct contract with the issuer that lets you exchange the stablecoins for a clearly defined amount of cash upon request.
🏦 Third, whether the issuer’s reserves are truly supported by cash or short-term, highly liquid assets.
All three conditions are required.
Many people might think stablecoins are already pegged to the U.S. dollar, and their trading price has long been fluctuating around $1—so why make it so complicated?
The key is this: selling stablecoins on an exchange is completely different from redeeming them directly with the issuer.
The former depends on whether there are buyers in the market; the latter depends on whether you hold an explicit contractual right.
That means that with the same 1,000,000 stablecoins:
A financial institution that has a direct redemption agreement may qualify as having cash-equivalent treatment;
but another company that only holds the same stablecoins via an exchange or payment platform may be in a completely different situation.
This implies that when companies handle stablecoin accounting in the future, they can’t just look at the wallet balance. 👀
You also need to match the wallet records, the holder’s contract, and the issuer’s proof of reserves.
What’s even more interesting is that the issuer itself meeting regulatory requirements doesn’t mean all holders automatically have qualifying redemption rights.
Click the avatar to watch the livestream + join the Jiujiu chat group to get the daily strategies 🚀
#稳定币 #FASB #USDC #USDT
What the FASB is focusing on this time is—your redemption rights!
Group: 点击进入玖玖的粉丝群
You clearly have 1,000,000 stablecoins in your wallet—so why, in accounting terms, might they not necessarily count as “cash”? 🤔
The Financial Accounting Standards Board (FASB) has recently proposed a new plan, focusing on re-evaluating: what kinds of stablecoins can be listed by companies as cash equivalents.
And here’s the most critical part—not how many coins are in your wallet, but a question many people overlook: do you actually have the right to “redeem directly”? ⚠️
In simple terms, the FASB is looking at three things:
💰 First, how many stablecoins you hold.
📄 Second, whether you have a direct contract with the issuer that lets you exchange the stablecoins for a clearly defined amount of cash upon request.
🏦 Third, whether the issuer’s reserves are truly supported by cash or short-term, highly liquid assets.
All three conditions are required.
Many people might think stablecoins are already pegged to the U.S. dollar, and their trading price has long been fluctuating around $1—so why make it so complicated?
The key is this: selling stablecoins on an exchange is completely different from redeeming them directly with the issuer.
The former depends on whether there are buyers in the market; the latter depends on whether you hold an explicit contractual right.
That means that with the same 1,000,000 stablecoins:
A financial institution that has a direct redemption agreement may qualify as having cash-equivalent treatment;
but another company that only holds the same stablecoins via an exchange or payment platform may be in a completely different situation.
This implies that when companies handle stablecoin accounting in the future, they can’t just look at the wallet balance. 👀
You also need to match the wallet records, the holder’s contract, and the issuer’s proof of reserves.
What’s even more interesting is that the issuer itself meeting regulatory requirements doesn’t mean all holders automatically have qualifying redemption rights.
Click the avatar to watch the livestream + join the Jiujiu chat group to get the daily strategies 🚀
#稳定币 #FASB #USDC #USDT
FASB proposes mandatory conditions for a stablecoin to be considered cash equivalents
- FASB believes that secondary market liquidity alone is not enough.
- Holders are required to have the right to directly redeem from the issuer.
- A requirement for a 1:1 liquidity reserve ratio.
- The goal is to improve transparency and safety for digital assets.
#BinanceSquare #CryptoNews #Stablecoin #FASB #CryptoRegulation
$btc $eth
vlikevn Titanbot
Source: CoinTelegraph
- FASB believes that secondary market liquidity alone is not enough.
- Holders are required to have the right to directly redeem from the issuer.
- A requirement for a 1:1 liquidity reserve ratio.
- The goal is to improve transparency and safety for digital assets.
#BinanceSquare #CryptoNews #Stablecoin #FASB #CryptoRegulation
$btc $eth
vlikevn Titanbot
Source: CoinTelegraph
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