Cointelegraph·Cointelegraph by Ezra Reguerra·3h ago

US accounting board FASB proposes conditions for stablecoins as cash equivalents

The FASB said secondary-market liquidity alone would not be enough, with holders needing direct issuer redemption rights and one-to-one liquid reserves.

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💬 Discussion: US accounting board FASB proposes conditions for stablecoins as cash equivalents The FASB said secondary-market liquidity alone would not be enough, with holders needing direct issuer redemption rights and one-to-one liquid reserves.

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