Dossier
FASB
Coverage of FASB in the Nexus archive.
- US accounting board FASB proposes conditions for stablecoins as cash equivalents
The US accounting board FASB proposes specific conditions necessary for stablecoins to be treated as cash equivalents. The FASB stated that relying solely on secondary-market liquidity is insufficient for this classification. Instead, holders must have direct issuer redemption rights and maintain one-to-one liquid reserves.