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FASB Sets Rules for Stablecoin Cash Status | Bitcoin and Crypto News
Published 2 weeks, 4 days ago
Description
FASB drops new rules to clarify when stablecoins qualify as cash equivalents, requiring direct redeemability and 1:1 reserves in ultra-liquid assets — no crypto or gold-backed reserves allowed — aiming for consistency, stability, and risk control as businesses navigate digital assets.
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