Stablecoins as Cash Equivalents: What FASB Proposes
The Financial Accounting Standards Board has proposed guidance explaining when certain stablecoins may qualify as cash equivalents under U.S. generally accepted accounting principles. The proposal reported on August 19 does not automatically classify every dollar-pegged token as cash. Instead, it would add illustrative examples to Topic 230, Statement of Cash Flows, showing how the existing definition of a cash equivalent may apply to digital assets with specific economic and legal characteristics











